The interest expense on debt provides a tax deduction for the issuer so any calculation of a
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The interest expense on debt provides a tax deduction for the issuer so any calculation of a firm’s net cost of debt should reflect this benefit. Based on the information provided at MFL, compute a firm’s after-tax cost of debt using a spreadsheet model.
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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