The June Bug has a $20,000,000 bond issue outstanding These bonds have a 6 percent coupon, pay interest semiannually in perpetuity, and have a current market price equal to 98 6 percent of face value The tax rate is 39 percent What is the amount of the after tax annual interest payment made by the firm Answer options $732,000 $727,000 $782,000 $3,948 $747,000

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[SOLVED] The June Bug has a $20,000,000 bond issue outstanding. These bonds

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Question: The June Bug has a $20,000,000 bond issue outstanding. These bonds have a 6 percent coupon, pay interest semiannually in perpetuity, and have a current

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