Loan notes, listed on the stock market, have a coupon rate (interest rate specified in the contract

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Loan notes, listed on the stock market, have a ‘coupon’ rate (interest rate specified in the contract between the business and the lenders) of 10 per cent. Does this necessarily mean that the current pre-tax cost of the loan notes is 10 per cent?

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Business Finance

ISBN: 9781292134406

11th Edition

Authors: Eddie McLaney

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