What is harry hines medical center cost of debt

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Problem 1: The Harry Hines Medical Center (HHMC) has an outstanding bond that sells in the market for $910. The bonds mature in 10 years, pay interest semiannually, and carry a 5% coupon rate on $1,000 par value. What is HHMC's cost of debt?

Group of answer choices

a. 6.22%

b. 2.47%

c. 6.24%

d. 12.44%

e. 3.11%

Reference no: EM132869196

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