Business, 27.06.2020 06:01 jonesromari

A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt

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A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining...

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