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Use the following information and find Little Toy after-tax cost of debt. Its bonds have a 8 percent coupon, paid semi-annually, with 8 years to
Use the following information and find Little Toy after-tax cost of debt. Its bonds have a 8 percent coupon, paid semi-annually, with 8 years to maturity, and are currently selling at $980. Par value is $1,000. The corporate tax rate is 35% and the floatation cost is $10. Tax rate - 36 a. 7.51% b.5.54% c. 4.93% Od. 6.39%
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