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Assume a firm has 20-year, 8% coupon bonds with a current market yield of 10%. With a combined federal and state corporate tax rate of
Assume a firm has 20-year, 8% coupon bonds with a current market yield of 10%. With a combined federal and state corporate tax rate of 40%, the firm's after-tax cost of debt is:
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Public Spending In The 20th Century A Global Perspective
Authors: Vito Tanzi , Ludger Schuknecht
1st Edition
0521662915,0511839596
