Question
Celinese Ltd. has 50,000,000 face value of 20 year bonds outstanding that are selling for par value. The semi-annual coupon is 2,000,000. What is the
Celinese Ltd. has 50,000,000 face value of 20 year bonds outstanding that are selling for par value. The semi-annual coupon is 2,000,000. What is the AFTER-Tax cost of debt for Celinese if they are in a 35% marginal tax bracket?
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
