(Cost of debt) Temple-Midlands issuing a $1,000 par value brind that pays 78 percent anal interest...

Transcribed Image Text:

(Cost of debt) Temple-Midlands issuing a $1,000 par value brind that pays 78 percent anal interest and matures in 15 years investors are willing to pay $955 for the hood and Temple laces a tax cate of 33 Hems What's Tale's after-tax cost of deban the hand? The after-tax cost of debtie Round to two decimal places/ (Cost of debt) Temple-Midlands issuing a $1,000 par value brind that pays 78 percent anal interest and matures in 15 years investors are willing to pay $955 for the hood and Temple laces a tax cate of 33 Hems What's Tale's after-tax cost of deban the hand? The after-tax cost of debtie Round to two decimal places/