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adegob adegob
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3 years ago
Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for Year 9. Selected financial information for Years 7 and 8 is provided in the table. What is the interest expense for Year 9? (Assume that Cadbury's average cost of debt is 3%.)

Selected Financial Information
Cadbury Inc. (£ millions)
​Year 7Year 8
Short Term Debt £2,562  £1,189 
Long Term Debt2,5511,973
Interest Expense​153


▸ £36

▸ £59

▸ £63

▸ £95

▸ £110
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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pcbuell99pcbuell99
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3 years ago
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