Apple Computers has an outstanding 6.5%, 31-year bond that pays its coupons twice a year. This bond
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Apple Computers has an outstanding 6.5%, 31-year bond that pays its coupons twice a year. This bond was issued 18 years ago. The bond currently sells for 86% of its book value. What is the bond's after-tax yield if the tax rate is 22 percent?
Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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