Question
A twenty year 8% annual coupon bond with semi annual payments is being issued. It will be priced at $907.99. If the tax rate on
A twenty year 8% annual coupon bond with semi annual payments is being issued. It will be priced at $907.99. If the tax rate on the bond is 38% what is the after tax cost of debt as a percent?
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
