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Georga's Restaurants has 7,000 bonds outstanding with a face value of $1,000 each, a market price of $982, and a coupon rate of 6.95 percent.

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Georga's Restaurants has 7,000 bonds outstanding with a face value of $1,000 each, a market price of $982, and a coupon rate of 6.95 percent. The Interest is paid semiannually. What is the amount of the annual interest tax shield if the tax rate is 23 percent? Multiple Choice O $113,006 $110,420 O $107750 O $13,323 W tv 1649 23 S $113,006 $110,420 $107.750 $113,323 $111,895 Next > 23 of 30

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