Suppose a firm has the following 5 issuances of bonds. What is the weighted average...
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Suppose a firm has the following 5 issuances of bonds. What is the weighted average cost of debt for the firm? You can copy the following table directly to your own excel worksheet. Note: THREE decimals in percentage. If your answer, for example, is 1.243%, input 1.243 rather than 1.243%. Do not include the % in your typed answer. Price Coupon Rate (per $100 book value) Outstanding (book value) Symbol Yield Bond1 4.25% 107.97 1.35% 2,500 Bond2 3.62% 119.22 2.48% 500 Bond3 3.87% 124.45 2.53% 1,000 Bond4 2.37% 108.93 0.79% 1,000
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