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In Company JOR's books, it has Debentures worth USD100,000 @ 15%. Assume the tax rate to be 30%. What is its cost of debt? (Provide
In Company JOR's books, it has Debentures worth USD100,000 @ 15%. Assume the tax rate to be 30%. What is its cost of debt? (Provide your answer in % format and in 2 decimal places)
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
