On Wednesday, May 4, 2013, an 8% bond issued by XYZ has 20 years until maturity and closed at $950. If the bond has a face value of $1000 and pays interest semi-annually and XYZ has a marginal tax rate of 35%, what is XYZ’s a after- tax cost of debt?

Answer rating: 100% (QA)

Answer Given about a bond Years to maturity 20 years coupon rate 8 paid sem... View the full answer