Finance costForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Finance costThis topic has 2 replies, 2 voices, and was last updated 5 years ago by aarina.Viewing 3 posts - 1 through 3 (of 3 total) AuthorPosts July 12, 2018 at 5:30 pm #461905 aarinaMemberTopics: 71Replies: 145☆☆☆Hi can you help me solve this. The EIR was not given. Should we find eir or how to go about this question.On 1/1/2015 entity issued debt instrument coupon rate @3.5% at par of $6m. Direct issue cost $120K Debt repayable in 31/12/2021 at premium $1.1mFind total finance cost. July 13, 2018 at 8:57 am #461998 P2-D2KeymasterTopics: 4Replies: 6907☆☆☆☆☆Hi,You will always be given the effective interest rate in the question. It’s a bit odd that they haven’t given it to you here.If you wish to calculate it then you need to calculate the IRR of the cash flows.Thanks July 13, 2018 at 9:08 am #462007 aarinaMemberTopics: 71Replies: 145☆☆☆oh ok thanks!AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)The topic ‘Finance cost’ is closed to new replies.