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A corporate bond has a face value of $1,000 and a coupon rate of 6.5%. The bond matures in lovears and has current market price
A corporate bond has a face value of $1,000 and a coupon rate of 6.5%. The bond matures in lovears and has current market price of $985. If the coporate tax rate is 34%, what is the after tax cost of debt
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
