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Dear sir
Q; when we will calculate the IRR to get the cost of debt, that time at year 0, which value of the loan note shall we put? Will it b the ex interest market value or the nominal value of the note. ?The ex interest market value.
(I do suggest that you watch the free lectures on the cost of debt!)
Thank u sir for the replay, i did watch ur all lecture twice, as my full preparation is based on completely on ur lecture 🙂 , but as time pass i forgot some of them , while i m doing kaplan kid i have found in the 1 question the took ex value whereas in another question they took the nominal value , which made me confuse , thats why i had to confirm it from you,
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