a bond that has a $1000 par value(face value) and a contract or coupon interest

$5.00

Description

a bond that has a $1000 par value(face value) and a contract or coupon interest rate of 11.2%. The bonds have a current market value of 1,123 and will mature in 10 years. The firms,s marginal tax rate is 34%. What is the cost of capital from this bond debt?

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