Multiple Choice
Titans has 7 percent bonds outstanding that mature in 16 years.The bonds pay interest semiannually and have a face value of $1,000.Currently,the bonds are selling for $1,015 each.What is the firm's pretax cost of debt?
A) 6.97 percent
B) 6.84 percent
C) 7.14 percent
D) 7.31 percent
E) 6.40 percent
Correct Answer:
Verified
Correct Answer:
Verified
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