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35. Juanita's Steak House has $12,000 of debt outstanding that is selling at 101.2 percent of par and has a coupon rate of 8 percent
35. Juanita's Steak House has $12,000 of debt outstanding that is selling at 101.2 percent of par and has a coupon rate of 8 percent and a current yield of 7.91 percent. The tax rate is 21 percent. What is the present value of the tax shield on debt? * (1 Point) $3,188 $2,500 $2,520 $3,887 $2,550
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