Galvatron Metals has a bond outstanding with a coupon rate of 6.7 percent and semiannual payments. The bond currently sells for $1,891 and matures in
Galvatron Metals has a bond outstanding with a coupon rate of 6.7 percent and semiannual payments. The bond currently sells for $1,891 and matures in 17 years. The par value is $2,000 and the company's tax rate is 35 percent. What is the company's aftertax cost of debt?
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Authors: Charles Long
1st Edition
0874204305, 978-0874204308
