Question
If a corporation has an average tax rate of 40%, the approximate, annual, after-tax cost of debt for a 15-year, 12%, $1,000 par value bond,
If a corporation has an average tax rate of 40%, the approximate, annual, after-tax cost of debt for a 15-year, 12%, $1,000 par value bond, selling at $950 is?
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Get StartedRecommended Textbook for
Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
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