Question
Neotech Corporation's 14 percent coupon rate, semiannual payment, 1,000 par value 30-year bonds currently sell at a price of $1,353.54. If Neotech's marginal tax rate
Neotech Corporation's 14 percent coupon rate,
semiannual payment,
1,000 par value 30-year bonds currently sell at a price of $1,353.54.
If Neotech's marginal tax rate is 40 percent,
what is its after-tax cost of debt?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
