Question
Calculate the after-tax cost of debt for the following bond. The face value of the bond is $1 comma 000 , interest is paid annually,
Calculate the after-tax cost of debt for the following bond. The face value of the bond is $1 comma 000 , interest is paid annually, the coupon rate is 11 % and the bond matures in 8 years. Assume that the corporate tax rate is 38 % and the issue price of the bond was $780 .
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
