Question
For a 3 year annual bond, currently priced at $78, par value $100, with coupon rate 3%. tax rate 30%. How much is cost of
For a 3 year annual bond, currently priced at $78, par value $100, with coupon rate 3%. tax rate 30%. How much is cost of debt after tax? Remember to keep at least 4 decimals.
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
3rd edition
133479528, 978-0133479522
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