Business, 30.04.2021 19:50, user20061024
A company is trying to estimate the cost of debt for a new project. For their estimate, they will find the yield to maturity on existing company bonds. They have one outstanding bond issue at the moment that will mature in 15.00 years. The bond pays an annual coupon of 9.00%, with a face value of $1,000. The bond currently trades at 93.00% of face value. What is the yield to maturity on the existing debt
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A company is trying to estimate the cost of debt for a new project. For their estimate, they will fi...
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