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1 You are considering the purchase of an AT&P bond with a 20% coupon rate annually. The bond will mature in 10 years. The bond
1 You are considering the purchase of an AT&P bond with a 20% coupon rate annually. The bond will mature in 10 years. The bond currently sells for 3867. Assume the company is subject to a 30% tax rate. What is the cost of debt of this company? Hint: face value - $1000, PIYR=1, solve for WYR first. 16.494% 16.454% 15.208% 14.000% Ono enough information
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Managerial Accounting Working Papers
Authors: John G. Helmkamp
2nd Edition
0471514292, 978-0471514299
