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What is the market yield on a firm's debt if the marginal tax rate is 25% and the after-tax cost of debt is 15%? a.
What is the market yield on a firm's debt if the marginal tax rate is 25% and the after-tax cost of debt is 15%?
| a. | 20% | |
| b. | 15% | |
| c. | 10% | |
| d. | 25% | |
| e. | 30% |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
