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A company's existing yield on debt is 11% with a tax rate of 40%. What is the company's cost of debt? I have the answer
A company's existing yield on debt is 11% with a tax rate of 40%. What is the company's cost of debt?
I have the answer of 6.6% but am not sure how they came up with the answer. Can you explain? Thanks
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Crypto Asset Investing In The Age Of Autonomy
Authors: Jake Ryan
1st Edition
1119705363, 978-1119705369
