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Urban Fashion has bonds outstanding that will mature in 8 years, pay interest semi- annually, and have a coupon rate 8%. These bonds have a
Urban Fashion has bonds outstanding that will mature in 8 years, pay interest semi- annually, and have a coupon rate 8%. These bonds have a face value of $1000 and are currently quoted at 97. What is the company's after-tax cost of debt if its tax rate is 21%? 3.37% 4.26% 5.67% 6.73% 8.52%
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Finance Theory And Practice
Authors: Anne Marie Ward
2nd Edition
1907214259, 978-1907214257
