Calculate the impending cost of a 7% debenture which is currently quoted at $90. It will be redeemed

Calculate the impending cost of a 7% debenture which is currently quoted at $90. It will be redeemed

Calculate the impending cost of a 7% debenture which is currently quoted at $90. It will be redeemed at $101 in five years time. The interest rate and redemption payment are assumed to be payable at the end of year and tax rate of 30% to be immediately recoverable.

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