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Business, 26.11.2019 18:31 davechucktaylor

The cost of debt: packman corporation has semiannual bonds outstanding with nine years to maturity and are currently priced at $754.08. if the bonds have a coupon rate of 7.25 percent, then what is the after-tax cost of debt for packman if its marginal tax rate is 30 percent? complete the calculation as is done on wall street.

7.050%

8.225%

12.095%

11.750%

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