F the firms marginal tax rate is 40 what is the firms, Financial Management

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F the firms marginal tax rate is 40 what is the firms

Quantitative Problem: 5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). The bonds currently sell for $845.87. If the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? Round your answer to 2 decimal places. Do not round intermediate calculations.

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Financial Management: F the firms marginal tax rate is 40 what is the firms

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