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Business, 26.11.2019 20:31 shady1095

Trickle corporation's 12 percent coupon rate, semiannual payment, $1,000 par value bonds mature in 25 years. the bonds currently sell for $1,230.51 in the market, and the yield curve is flat. assuming that the yield curve is expected to remain flat, what is trickle's most likely before-tax cost of debt if it issues new bonds today?

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