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DBF borrows $5.73B by issuing 10-year bonds. ECB's cost of debt is 3.15%, so it will need to pay interest each year for the next
DBF borrows $5.73B by issuing 10-year bonds. ECB's cost of debt is 3.15%, so it will need to pay interest each year for the next 10 years, and then repay the principal $5.73B in year 10. ECB's marginal tax rate will remain 36.46% throughout this period.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
