Post by
bogfit on Nov 12, 2021 1:22pm
New challenge for math whizzes'
I was wondering since the company doesn't have to pay interest on shares (obviously) - How much would the interest have been on the debt if it wasn't retired?
b.
Comment by
emma1500 on Nov 12, 2021 1:28pm
Just under 10% but it's more if the debt doesn't get repaid. Extension fees, chapter 11, etc
Comment by
bogfit on Nov 12, 2021 2:02pm
"Just under 10%" That's APR? And the dollar amount of the interest paid if loan had matured? That would be on the plus side, and thereby reduce the operating expense's percentage according to my pidgin mathematics. b.