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Seattle Co. has semi-annual bonds with 10 years to maturity. The bonds have a coupon rate of 7% with a par value of $2,000. If
Seattle Co. has semi-annual bonds with 10 years to maturity. The bonds have a coupon rate of 7% with a par value of $2,000. If the bonds currently sell for $2,150, what is their yield-to-maturity? Given a tax rate of 20%, what is the after-tax cost of debt for the firm? Please show work
Excel would be ideal as long as I can see equations.
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