QUESTION

The approximate after-tax cost of debt for a 20-year, 7 percent, $1,000 par value bond selling at $960 (assume a margina

Category: Business
Subject: Accounting
Due Date: 12/15/2016
Question Asked: 2016-12-16 02:04:41

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The approximate after-tax cost of debt for a 20-year, 7 percent, $1,000 par value bond selling at $960 (assume a marginal tax rate of 40 percent) is

A) 4.41 percent.

B) 5.15 percent.

C) 7 percent.

D) 7.35 percent.


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The approximate after-tax cost of debt for a 20-year, 7 percent, $1,000 par value bond selling at $960 (assume a margina

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Posted on 2016-12-16 02:04:43

Posted by:

User: ZAZU2014
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earnings: $11.00
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