The 8 per cent irredeemable bonds of Eranio plc are currently trading at 92 per 100 bond.

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The 8 per cent irredeemable bonds of Eranio plc are currently trading at £92 per £100 bond. If the company pays corporation tax of 19 per cent, what is the current after-tax cost of debt of the bonds?

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Corporate Finance Principles And Practice

ISBN: 9781292450940

9th Edition

Authors: Denzil Watson, Antony Head

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Question Posted: Nov 02, 2023 07:20 AM

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The 8 per cent irredeemable bonds of Eranio plc are currently trading at 92 per 100 bond.

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Corporate Finance Principles And Practice

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