CG Forest and Paper Ltd. raises capital by selling 5,000,000 worth of debt with flotation costs equal
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CG Forest and Paper Ltd. raises capital by selling £5,000,000 worth of debt with flotation costs equal to 3% of its par value. If the debt matures in 15 years and has coupon rate of 6% (paid annually), what is the bond’s YTM?
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Related Book For
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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