Shu wishes to raise $16 million in perpetual debt. If her cost of debt is 0.12,...
Shu wishes to raise $16 million in perpetual debt. If her cost of debt is 0.12, what yearly coupon would she have to offer?
Homework Answers
Yearly coupon = (Debt amount)*(Cost of debt)
= (16)*(0.12)
=1.92 million or 1.92*1000000=$1920000
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please respond asap. short answers appriciated thank
you kindly.
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