Fresh Co. has semiannual bonds outstanding with 15 years to maturity and are currently priced at $910.
Fantastic news! We've Found the answer you've been seeking!
Question:
Fresh Co. has semiannual bonds outstanding with 15 years to maturity and are currently priced at $910. If the bonds have a coupon rate of 7 percent with semiannual coupon payments.What is the after-tax cost of debt for Fresh Co. if its marginal tax rate is 25%? |
Posted Date: