Question
LL Incorporated's currently outstanding 11% coupon bonds have a yield to maturity of 14%. LL believes it could issue new bonds at par that would
LL Incorporated's currently outstanding 11% coupon bonds have a yield to maturity of 14%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 30%, what is LL's after-tax cost of debt?
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The Principles Of Project Finance
Authors: Rod Morrison
1st Edition
1409439828, 9781409439820
