Micro Spinoffs Incorporated issued 10 year debt a year ago at par value with a coupon rate of 8 , paid annually Today, the debt is selling at $1,180 If the firm's tax bracket is 21 , what is its percentage cost of debt Assume a face value of $1,000 Note Do not round intermediate calculations Enter...

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Micro Spinoffs Incorporated issued 10-year debt a year ago at par value with a coupon rate...

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Fundamentals of Corporate Finance

ISBN: 978-0078034640

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Authors: Richard Brealey, Stewart Myers, Alan Marcus

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