Question
A firm issues a 20-year semi-annual payment bond, which is priced at $1213.55. The coupon rate of the bond is 9.00%.The tax rate is 40
A firm issues a 20-year semi-annual payment bond, which is priced at $1213.55.
The coupon rate of the bond is 9.00%.The tax rate is 40 percent.
What is the after-tax cost of debt? _______% (to two decimal places)
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
