Question
Assume that effective tax rate for a company is Te = 25% If a company borrows 100,000 for 2 years at 10% annual interest rate
Assume that effective tax rate for a company is Te = 25% If a company borrows 100,000 for 2 years at 10% annual interest rate with annual payments (2 equal payments), what is the after-tax cost (rate) of debt capital?
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Liars Poker Rising Through The Wreckage On Wall Street
Authors: Michael Lewis
1st Edition
0393246108,0393247147
