Why is the relevant cost of debt the interest rate on new debt, not that on already
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Why is the relevant cost of debt the interest rate on new debt, not that on already outstanding, or old, debt?
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The relevant cost of debt is typically considered to be the interest rate on new debt rather than that on already outstanding or old debt due to sever...View the full answer
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Related Book For
Fundamentals Of Financial Management
ISBN: 9780357517574
16th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
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