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A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its tax rate is 40%, what rate of interest
A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its tax rate is 40%, what rate of interest is this firm paying on its long-term debt?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
