Question
Cote Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. BondCoupon RatePrice QuoteMaturityFace Value17.00%103.225years$45,000,00028.50110.548years40,000,00038.20109.8915.5years50,000,00047.80102.7925years65,000,000 If
Cote Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.
BondCoupon RatePrice QuoteMaturityFace Value17.00%103.225years$45,000,00028.50110.548years40,000,00038.20109.8915.5years50,000,00047.80102.7925years65,000,000
If the corporate tax rate is 34%, what is the after-tax cost of the company's debt?(Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Cost of debt%
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
