High Road Tours has an after-tax cost of debt of 5.1 percent at its current tax rate
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Question:
High Road Tours has an after-tax cost of debt of 5.1 percent at its current tax rate of 34 percent. What will be the after-tax cost of debt if the tax rate falls to 21 percent? Assume that all interest is tax deductible.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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