Question
A firm has $4 Billion in debt outstanding with a yield to maturity of 5%. The firm pays taxes at the rate of 30%. What
A firm has $4 Billion in debt outstanding with a yield to maturity of 5%. The firm pays taxes at the rate of 30%. What is the firm's effective (after-tax) cost of debt? [Enter your answer as a percentage rounded to two decimal places.
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
