Question: Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value

 Answer the following question using the info on the first bond

Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value of $1000. The bond makes semi-annual payments (coupons are paid on January 15 and July 15 each year.) What is the cost of debt for Avon if we assume that Avon had only issued this bond (in other words, assume that there no other bonds traded). Bond Results Last Sale Ratings Moody's S&P Issuer Name Symbol Coupon Maturity Price Yield Callable Sub-Product Type Yes Corporate Bond AVON PRODS INC AVP3979751 6.600 03/15/2020 B3 B 101.750 4.686 Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value of $1000. The bond makes semi-annual payments (coupons are paid on January 15 and July 15 each year.) What is the cost of debt for Avon if we assume that Avon had only issued this bond (in other words, assume that there no other bonds traded). Bond Results Last Sale Ratings Moody's S&P Issuer Name Symbol Coupon Maturity Price Yield Callable Sub-Product Type Yes Corporate Bond AVON PRODS INC AVP3979751 6.600 03/15/2020 B3 B 101.750 4.686

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