What cost of debt should be used in casinos wacc


The bonds of Casino, Inc., trade in the market at a yield of 10.8%, have a 12% coupon rate, and a promised yield of 14.0%. However, investors only expect Casino to pay in full with 65% probability. What cost of debt should be used in Casino's WACC?

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Finance Basics: What cost of debt should be used in casinos wacc
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