The Dentite Corporations bonds are currently selling to yield new buyers a 12% return on their investment.

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The Dentite Corporation’s bonds are currently selling to yield new buyers a 12% return on their investment. Dentite’s marginal tax rate including both federal and state taxes is 38%. What is the firm’s after-tax cost of debt?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Question Posted: Sep 13, 2012 03:51 AM

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The Dentite Corporations bonds are currently selling to yield new buyers a 12% return on their investment.

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Practical financial management

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