Crowell Inc. issued 20-year, 4 percent semiannual coupon bonds with par value of $1,000. The bond price is quoted at 110
Posted: Fri Jul 01, 2022 7:42 am
Crowell Inc. issued 20-year, 4 percent semiannual coupon bondswith par value of $1,000. The bond price is quoted at 110% of thepar. What is its pre-tax cost of debt?
a) 2.79%
b) 3.31%
c) 4.66%
d) 1.66%
a) 2.79%
b) 3.31%
c) 4.66%
d) 1.66%