Your firm sold a 25-year bond at par 19 years ago. The bond pays an 6% annual coupon, has a $1,000 face
value, and currently sells for $825. What is the firm's cost of debt?
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Your firm sold a 25-year bond at par 19 years ago. The bond pays an 6% annual coupon, has a $1,000 face
value, and currently sells for $825. What is the firm's cost of debt?
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