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14-9 (similar to) (Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.9 percent annual interest and matures in 15
14-9 (similar to) (Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.9 percent annual interest and matures in 15 years is Temple's after-tax cost of debt on the bond The after-tax cost of debt is % (Round to two decimal places.) help rs. Investors are willing to pay $954 for the bond and Temple faces a tax rate of 34 percent. What
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-0176509736
