Question: Retail Supply Co . has a bond issue outstanding with a face value of $ 2 1 5 , 0 0 0 . The bonds
Retail Supply Co has a bond issue outstanding with a face value of $ The bonds have a coupon rate of percent, pay interest semiannually, and have a current market price quote of The tax rate is percent. What is the amount of the annual interest tax shield?
Multiple Choice
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