Question
eBook The Holmes Company's currently outstanding bonds have a 9% coupon and a 10% yield to maturity. Holmes believes it could issue new bonds at
| eBook The Holmes Company's currently outstanding bonds have a 9% coupon and a 10% yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 25%, what is Holmes' after-tax cost of debt? Round your answer to two decimal places. |
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
