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Mommy22 Mommy22
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3 years ago
The Bet-r-Bilt Company has a six-year bond outstanding with a 5 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 98 percent of its face value. What is the company's pre-tax cost of debt?

▸ 4.72 percent

▸ 5.31 percent

▸ 5.35 percent

▸ 5.39 percent

▸ 5.42 percent
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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annielin111annielin111
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3 years ago
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Thanks for your help!!
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This site is awesome
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