im trying to calculate cost of debt. where did they get the 50 value from? P0 = $1,080 = $50(PVIFA,R%,46) + $1,000(PVIF,R%,46)
30 year bond, 10% semi annual. 7 years ago it was issued. current selling is 108% face value.
30 year bond, 10% semi annual. 7 years ago it was issued. current selling is 108% face value.