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A firm has AAA rated bonds, with coupon rate of 5% and YTM of 6.2%. It pays a marginal tax rate of 35%. What is
A firm has AAA rated bonds, with coupon rate of 5% and YTM of 6.2%. It pays a marginal tax rate of 35%. What is its cost of debt, assuming it has no other debt on its balance sheet?
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
