.(Cost of debt) Belton is issuing a $1,000 par value bond that pays 7 percent annual interest and matures in 15...
lavrna.(Cost of debt)
Belton is issuing a $1,000 par value bond that pays 7 percent annual interest and matures in 15 years.
Investors are willing to pay $958 for the bond.
Flotation costs will be 11 percent of market value.
The company is in an 18 percent tax bracket.
- 10 years ago
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