Question
#12 Tomtom Co. issued a 20-year bond, with a coupon of 5%, making semiannual payments and a par value of $1,000. The bond currently sells
#12
Tomtom Co. issued a 20-year bond, with a coupon of 5%, making semiannual payments and a par value of $1,000. The bond currently sells for 115% of par. The company's tax rate is 21%. Calculate the before-tax cost of debt. (Enter percentages as decimals and round to 4 decimals)
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Renewable Energy Finance Theory And Practice
Authors: Santosh Raikar, Seabron Adamson
1st Edition
0128164417, 9780128164419
