Fly Corporation issued a $ 4,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued

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Fly Corporation issued a $ 4,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 97, and pay interest semiannually, on July 1, and January 1 of every year.

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Calculate the total financing (borrowing) cost for the company.

Related Book For answer-question

Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Jun 22, 2021 08:01 AM

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Fly Corporation issued a $ 4,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued

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Answer 2040000 Note Total Borrowing Cost for the company is the Total Interest Expense for t... View the full answer

Financial ACCT2

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