Business, 07.08.2019 05:20 peytenyoung
Olympic sports has two issues of debt outstanding. one is a 9% coupon bond with a face value of $20 million, a maturity of 10 years, and a yield to maturity of 10%. the coupons are paid annually. the other bond issue has a maturity of 15 years, with coupons also paid annually, and a coupon rate of 10%. the face value of the issue is $25 million, and the issue sells for 94% of par value. the firm’s tax rate is 35%. (lo13-4) a. what is the before-tax cost of debt for olympic? b. what is olympic’s after-tax cost of debt?
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Olympic sports has two issues of debt outstanding. one is a 9% coupon bond with a face value of $20...
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