The net proceeds proceeds after flotation costs are 981 for


Black Hill Inc. sells $100 million worth of 20-year to maturity 13.12% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $981 for each $1,000 bond. What is the before-tax cost of capital for this debt financing? Round the answer to two decimal places in percentage form

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The net proceeds proceeds after flotation costs are 981 for
Reference No:- TGS02249468

Expected delivery within 24 Hours