Question
Himiny's Cricket Farm Issued a 26-year, 14 percent semiannual bond 4 years ago. The bond currently sells for 96 percent of its face value. The
Himiny's Cricket Farm Issued a 26-year, 14 percent semiannual bond 4 years ago. The bond currently sells for 96 percent of its face value. The company's tax rate is 31 percent. What is the pretax cost of debt?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
