Question
Anthony's Anchovies, Inc. sold a 20-year bond issue 2 years ago. The issue has a 5.35% annual coupon and a $1,000 face value. If the
Anthony's Anchovies, Inc. sold a 20-year bond issue 2 years ago. The issue has a 5.35% annual coupon and a $1,000 face value. If the current market price per bond is $751.64 and the tax rate is 34%, what is the after-tax cost of debt?
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The Budget Building Book For Nonprofits
Authors: Murray Dropkin, Jim Halpin, Bill La Touche
2nd Edition
0787996033, 978-0787996031
