Today the debt is selling at 1050 if the firms tax bracket
Cost of Debt - Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 35%, what is its percentage after-tax cost of debt?
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cost of debt - micro spinoffs inc issued 20-year debt a year ago at par value with a coupon rate of 8 paid annually
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