Description of this paper

Handy Man, Inc. has zero coupon bonds outstanding

Description

solution


Question

Handy Man, Inc. has zero coupon bonds outstanding that mature in 8 years. The bonds have a face value of $1,000 and a current market price of $640. What is the company's pre-tax cost of debt?

 

Paper#33562 | Written in 18-Jul-2015

Price : $27
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