Ml2-20. Estimating Cost of Debt Capital Assume that a company's financial statements report that its average outstanding
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Ml2-20. Estimating Cost of Debt Capital Assume that a company's financial statements report that its average outstanding debt totals$ L.6 bi llion, and its total interest expense equals $80 million. If its tax rate is 2 1 %, compute its cost of debt capital.
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Financial Statement Analysis And Valuation
ISBN: 9781618533609
6th Edition
Authors: Peter D. Easton, Mary Lea Mcanally, Gregory A. Sommers
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