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Cost of Debt Capital

Forums › ACCA Forums › ACCA FM Financial Management Forums › Cost of Debt Capital

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  • May 14, 2011 at 11:39 am #48450
    vedavyas
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    • Topics: 44
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    This doubt is from the example (4.4) on page 271 of the BPP text.
    In calculation of the cost of loan capital I don’t understand why they have subtracted 1 . . .
    Please help.

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