Two years ago, Tortuga issued a 10-year bond for $50 million face value. Each $1,000 par bond

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Two years ago, Tortuga issued a 10-year bond for $50 million face value. Each $1,000 par bond carries a coupon of 6%. The bond pays interest semi-annually and is currently trading in the market at 102.50 as a percent of par. The company has a 21% corporate tax rate. What is the cost of debt?

Posted Date: May 19, 2024 09:05 AM

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Two years ago, Tortuga issued a 10-year bond for $50 million face value. Each $1,000 par bond

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