Fastest Company has a debt rating of A and a tax rate of 35 percent. The current
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Fastest Company has a debt rating of A and a tax rate of 35 percent. The current long-term government bond yield is 2 percent. Suppose the typical spread between long-term government yields and A-rated firms is about 2 percent. Estimate Fastest Company's after-tax cost of debt.
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Related Book For 
Financial Management Concepts and Applications
ISBN: 978-0132936644
1st edition
Authors: Stephen Foerster
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