Homework Help: Finance 370

Posted by anita on Wednesday, June 6, 2012 at 8:54pm.

a bond that has a $1000 par value (face value) and a contract or coupon interest rate of 10.9%. The bonds have a current value of $1,120 and will mature in 10 years. The firm's marginal tax rate is 34%. The cost of capital from this bond debt is what percent? round to two decimal places.

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