Business, 31.05.2020 05:58, jtrill

A company is selling bonds with a face value of $1,000 to raise money for a plant expansion. The bonds pay a coupon rate of 4% per year on a semiannual basis and mature in 5 years. Net of all fees, the company receives $760 from the sale of each bond. What is the company's cost of capital on an annual basis

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A company is selling bonds with a face value of $1,000 to raise money for a plant expansion. The bon...