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Smith & Co. isssuing a 10 year, $1000 par value bond that pays 9% interst annually. The bond is expected to sell for $885. What
Smith & Co. isssuing a 10 year, $1000 par value bond that pays 9% interst annually. The bond is expected to sell for $885. What is Smith & co after tax cost of debt if the firm is in the 34% tax bracket?
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
