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Stern Manufacturing issued a 10 year, 12% semiannual bond 4 years back. The debt issue is currently priced at $900. The firm's marginal tax rate
Stern Manufacturing issued a 10 year, 12% semiannual bond 4 years back. The debt issue is currently priced at $900. The firm's marginal tax rate is 35%. What is Stern's after tax component cost of debt?
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
