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Page < 15 Fashior Wear has bonds outstanding in 11 That mature years, pay interest annually, and have a coupon Rate of 6.45%. These
Page < 15 Fashior Wear has bonds outstanding in 11 That mature years, pay interest annually, and have a coupon Rate of 6.45%. These bonds have a face value of $1,000 and a current PRICE of $489. What is the company's after-tax cost of debt if its tax Rate is 21% ?
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
