Question
PDQ, Inc., expects EBIT to be approximately $13.2 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds
| PDQ, Inc., expects EBIT to be approximately $13.2 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds outstanding. (Use Table 11.1) |
| What would the appropriate tax rate be for use in the calculation of the debt component of PDQs WACC? (Round your answer to 2 decimal places.) |
| Tax rate | % |
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Fundamentals Of Financial Institutions Management
Authors: Marcia Cornett, Anthony Saunders
1st Edition
0256253676, 9780256253672
