Business, 16.12.2020 17:30, crybaby222psyc

Taussig Corp.'s bonds currently sell for $960. They pay a 6.35% annual coupon rate (paid quarterly), and a 20-year maturity, but they can be called in 5 years at $1,067.50. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. What is the firm's before-tax cost of debt

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Taussig Corp.'s bonds currently sell for $960. They pay a 6.35% annual coupon rate (paid quarterly),...