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RMB, Inc. sold a 20-year bond at par 12 years ago. The bond pays-(Answered)

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  1. RMB, Inc. sold a 20-year bond at par 12 years ago. The bond pays an 8% annual coupon, has a $1,000 face value, and currently sells for $893.30. What is the firm's cost of debt?


 

Paper#9256310 | Written in 27-Jul-2016

Price : $16
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