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Jiminy's Cricket Farm issued a 30 year, 9 percent semiannual bond 7 years ago. The bond currently sells for 108 percent of its face value.
Jiminy's Cricket Farm issued a 30 year, 9 percent semiannual bond 7 years ago. The bond currently sells for 108 percent of its face value. The company's tax rate is 35 percent. What is the pretax cost of debt? What is the aftertax cost of debt? Which is more relevant, the pretax or after tax cost of debt and why
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The Ultimate Guide To Frugal Living Save Money Plan Ahead Pay Off Debt And Live Well
Authors: Daisy Luther
1st Edition
1631586009, 978-1631586002
