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Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be
Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 14%.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
