A company issues 15-year, $1,000 par-value bonds,with a coupon rate of 5%.

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A company issues 15-year, $1,000 par-value bonds,with a coupon rate of 5%. The bonds are sold for $619.70. The tax rate is 30%.Compute the cost of debt before taxes and after taxes.

 

    • 6 years ago
    A company issues 15-year, $1,000 par-value bonds,with a coupon rate of 5%.
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      a_company_issues_15-year.xls