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A firm has outstanding debt with a coupon rate of 9%, nine years maturity, and a price of $1000 per $1000 face value. What is
A firm has outstanding debt with a coupon rate of 9%, nine years maturity, and a price of $1000 per $1000 face value. What is the after-tax cost of debt if the marginal tax rate of the firm is 30%? I came up with 6.3% is this correct
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Structured Finance And Insurance
Authors: Christopher L. Culp
2nd Edition
0471706310, 978-0471706311
