zoo mart has an outstanding bond that has 7 years to maturity. it pays a coupon of
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zoo mart has an outstanding bond that has 7 years to maturity. it pays a coupon of 45$ every 6 months and the face value is 1,000. if zoomart wanted to issue debt, it would have flotation costs of 5% zoomart has an effective tax rate of 34% if the current market price for the bond is 1,350$ what is zoomarts after tax cost of debt?
Related Book For
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold
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