spreads

I see. Thanks I kind know how to calculate it, but was trying to build some intution aroud what it actually is, and why we put it instead of Cost of Debt.

I guess the best I can do at this hour is to understand that becasue you're paying part of the principal as well as interest back, the 'effective' cost of debt is more than just the interest rate, as your cash flows are going out quicker, and thats esentially what we care about.

Does that sound reasonable ?