If a company has a tax rate of 30 percent and interest expense was $10,000, what is

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If a company has a tax rate of 30 percent and interest expense was $10,000, what is the after-tax cost of the debt?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Oct 26, 2013 07:17 AM

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If a company has a tax rate of 30 percent and interest expense was $10,000, what is

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The aftertax cost of the debt is 7000 computed as follows In...View the full answer

Fundamental financial accounting concepts

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