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Problem 14-24 Calculating the Cost of Debt (LO3) Cote Import has several bond issues outstanding. each making semiannual interest payments. The bonds are listed in
Problem 14-24 Calculating the Cost of Debt (LO3) Cote Import has several bond issues outstanding. each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 34%, what is the after-tax cost of the company's debt? (Do not round Intermedlate caleuletions. Round the final answer to 2 decimal places.) Cost of debt % Step by Step Solution
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