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Rappaport Industries has 7,000 perpetual bonds outstanding with a face value of $2,000 each. The bonds have a coupon rate of 6.9 percent and a

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Rappaport Industries has 7,000 perpetual bonds outstanding with a face value of $2,000 each. The bonds have a coupon rate of 6.9 percent and a yield to maturity of 72 percent. The tax rate is 35 percent. What is the present value of the interest tax shield? Mumple Choice $352.800 5956.000 5338300 O $1.200.000 COM

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