The Millennium Charitable Foundation, which is tax-exempt, issued debt at 9.2% percent to finance a new playground

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The Millennium Charitable Foundation, which is tax-exempt, issued debt at 9.2% percent to finance a new playground facility in Chicago.If the foundation's tax rate is 35%, what would be the after-tax cost of debt?

Posted Date: May 19, 2024 08:13 AM

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The Millennium Charitable Foundation, which is tax-exempt, issued debt at 9.2% percent to finance a new playground

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