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pompa pompa
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7 years ago
If a corporation has an average tax rate of 40 percent, the approximate, annual, after-tax cost of debt for a 15-year, 12 percent, $1,000 par value bond, selling at $950 is ________.
A) 10 percent
B) 10.6 percent
C) 7.7 percent
D) 6.0 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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pompa Author
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7 years ago
Thanks for your help!!
bahajo
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You make an excellent tutor!
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