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P14-9 (similar to) E Question Help (Cost of debt) Temple-Midland, Inc is issuing a $1.000 par value bond that pays 78 percent annual interest and
P14-9 (similar to) E Question Help (Cost of debt) Temple-Midland, Inc is issuing a $1.000 par value bond that pays 78 percent annual interest and matures in 15 years Investors are willing to pay $952 for the bond and Temple faces a tax rate of 25 percent What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is % (Round to two decimal places)
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
