Hi, in this question the examiner has calculated the cost of debt as after tax yield.
I used the IRR to calculate the cost of debt. They give slightly different answers.
Are both methods okay to be used in this case?
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MORADA CO SEP/DEC 16
3y ago#1Although the examiner has done that, strictly he should have calculated the IRR and he has confirmed that would certainly have got full marks :-)
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