Question
The approximate before-tax cost of debt for a 15-year, 10 percent, $1,000 par value bond selling at $865 is _____________. a. 15.4 percent b. 12
The approximate before-tax cost of debt for a 15-year, 10 percent, $1,000 par value bond selling at $865 is _____________.
a. 15.4 percent
b. 12 percent
c. 10 percent
d. 10.7 percent
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
