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Buchanan Corp. is refunding $8 million worth of 11% debt. The new bonds will be issued for 7%. The corporation's tax rate is 31%. The
Buchanan Corp. is refunding $8 million worth of 11% debt. The new bonds will be issued for 7%. The corporation's tax rate is 31%. The call premium is 7%. What is the net cost of the call premium after taxes
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
