There is a 44 percent chance that casino will default and
The 1-year bonds of Casino, Inc., have a 10.9 percent coupon rate and trade in the market at a yield of 12.2 percent. There is a 4.4 percent chance that Casino will default and pay nothing. What cost of debt should be used in Casino's WACC?
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the 1-year bonds of casino inc have a 109 percent coupon rate and trade in the market at a yield of 122 percent there
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