What is the interest rate on their current debt

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Reference no: EM131554994

I have been stuck on this problem for a few days now. Can someone help?? Halcion Inc. has debt or $35,000 which it pays $2,100 in interest. It is thinking of borrowing another $10,000 to buy back 5,000 shares. What is the interest rate on their current debt and what interest would they pay in total if they borrowed the additional funds?

Reference no: EM131554994

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