A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its
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A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its tax rate is 40%, what rate of interest is this firm paying on its long-term debt?
Related Book For
Fundamentals Of Financial Management
ISBN: 9780357517574
16th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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