Calculate the total implicit interests
Question: Assume your firm needs to increase 10 million dollar by issuing 10 year zero coupon bonds. Your firm's cost of debt is 8%. Calculate the total implicit interests for the 1st year & the last year [i.e., year 10].
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Assume your firm needs to increase 10 million dollar by issuing 10 year zero coupon bonds. Your firm's cost of debt is 8%.
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