Question: A co. engaged a contractor to construct a building for the co. Assume the co. has construction debt that includes a 12% note, and other
A co. engaged a contractor to construct a building for the co. Assume the co. has construction debt that includes a 12% note, and other debt that includes a 9% bond & a 13% note. When determining avoidable interest, the co. will need to compute a weighted average interest rate that takes into account
A. the 9% bond & the 13% note
B. the 12% note, the 9% bond, & the 13% note
C. the 12% note & the 9% bond
D. the 12% note & the 13% note
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