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Suppose, the interest expense is $50,000 and the loan balance is $100,000. If the tax rate is 20%, what is the after-tax cost of debt?
Suppose, the interest expense is $50,000 and the loan balance is $100,000. If the tax rate is 20%, what is the after-tax cost of debt?
| 20% | ||
| 30% | ||
| 40% | ||
| 50% |
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
