Question
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $2,100 face value and a 9% coupon, semiannual payment ($94.5 payment every 6
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $2,100 face value and a 9% coupon, semiannual payment ($94.5 payment every 6 months). The bonds currently sell for $845.87. If the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? Do not round intermediate calculations. Round your answer to two decimal places. %
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
9th Edition
0814408648, 978-0814408643
