Question: PLEASE SHOW HOW YOU GOT THE ANSWER AND EXACTLY WHAT SHOULD BE WRITTEN AND SHOWN (IN CORRECT FORMAT) Learning Goal 3 P94 Cost of debt

PLEASE SHOW HOW YOU GOT THE ANSWER AND EXACTLY WHAT SHOULD BE WRITTEN AND SHOWN (IN CORRECT FORMAT)

PLEASE SHOW HOW YOU GOT THE ANSWER AND EXACTLY WHAT SHOULD BE

Learning Goal 3 P94 Cost of debt using the approximation formula For each of the following $1,000-par-value bonds, assuming annual interest payment and a 21% tax rate, calculate the after-tax cost to maturity, using the approximation formula. Bond Life (years) Underwriting fee Discount (-) or premium (+) Coupon interest rate A 20 $25 -$20 9% B 16 40 +10 10 15 30 -15 12 D 25 15 par 9 E 22 20 -60 11

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