bus 401 week 3 dq 1 Cost of Debt
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Cost of Debt
From the end of Chapter 9, complete Study problem 9-9 and post the answers to the discussion board. Remember to complete all parts of the problems and report the results of your analysis. Do not forget to show the necessary steps and explain how you attained that outcome. Respond to at least two of your classmates' postings.
9-9 (Cost 0f debt) Sincere Stationary Corporation needs to raise 500,000 to improve its manufacturing plant. It has decided to issue a 1,000 par value bond with a 14 percent annual coupon rate and a 10- year maturity. The investors require a 9 percent rate of return.
a. Compute the market value of the bonds
PV (, RATE, 10 NPER, -140 PMT, -1,000 FV)
PV ( , 10,-140, -1000) 1,
1, is the value of the...
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