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A bond issue sells for $850. The coupon rate is 8.1%, the bonds mature in 21 years, and interest is paid quarterly. The tax rate
A bond issue sells for $850. The coupon rate is 8.1%, the bonds mature in 21 years, and interest is paid quarterly. The tax rate is 35%. What is the aftertax cost of debt?
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
