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A 15 years bond with 10% coupon was issued 5 years ago and is currently selling at RM1,153. The firm's tax bracket is 30% and
A 15 years bond with 10% coupon was issued 5 years ago and is currently selling at RM1,153. The firm's tax bracket is 30% and flotation cost is 20% of par value. The par value is RM1,000. What is the cost of debt after tax? Select one: O A 13.94% OB. 10.72% O C. 7.50%
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