1000 par value bond matures in 6 years interest at 8 115000


1,000 par value bond matures in 6 years, interest at 8%, 1150.00 market value, tax rate at 30%, and marginal tax rate at 36%.

What is the firm after tax cost of debt? Please show calculation.

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Financial Management: 1000 par value bond matures in 6 years interest at 8 115000
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