Compute the weighted-average interest rate

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Question - Company Z took out a construction-specific 10%, 4-year note of $400,000. They also had existing debt. The first is a 5%, 10-year bond of $1,000,000. The second is a 6%, 6-year note of $700,000. Compute the weighted-average interest rate the company needs to use in the computation of avoidable interest.

Reference no: EM133060975

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