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g (Cost of debt) Templo Midland, Inc. is issuing a $1,000 par value bond that pays 8 4 percent annual interest and matures in 15
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(Cost of debt) Templo Midland, Inc. is issuing a $1,000 par value bond that pays 8 4 percent annual interest and matures in 15 years Investors are willing to pay 5949 for the bond and Temple faces a tax rate of 26 percent What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is 0% (Round to two decimal places.) Step by Step Solution
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
