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The coupon rate on an issue of debt is 11%. The yield to maturity on this issue is 11%. The corporate tax rate is 39%.
The coupon rate on an issue of debt is 11%. The yield to maturity on this issue is 11%. The corporate tax rate is 39%. What would be the approximate after-tax cost of debt for a new issue of bonds?
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
