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XY Incorporateds currently outstanding 11% coupon bonds have a yield of maturity of 8.4%. The company believes it could issue new bonds at par that
XY Incorporateds currently outstanding 11% coupon bonds have a yield of maturity of 8.4%. The company believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 25%. What is XYs after-tax cost of debt
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
