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Home Q & A Board Other Fields Homework Help Business Management
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pompa pompa
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7 years ago
A corporation borrows $1,000,000 at 10 percent annual rate of interest. The firm has a 40 percent tax rate. The yearly, after-tax cost of this debt is ________.
A) $40,000
B) $60,000
C) $100,000
D) $166,667
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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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
Just got PERFECT on my quiz
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this is exactly what I needed
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Helped a lot
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