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papahomer papahomer
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7 years ago
PVE, Inc. has $15 million of debt outstanding with a coupon rate of 9%. Currently, the yield to maturity on these bonds is 7%. If the firm's tax rate is 35%, what is the after-tax cost of debt to PVE?
A) 10.76%
B) 5.85%
C) 4.55%
D) 5.4%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
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David_hessDavid_hess
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7 years ago
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papahomer Author
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7 years ago
You make an excellent tutor!
jmendoza
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Yesterday
Smart ... Thanks!
shangshang
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2 hours ago
Correct Slight Smile TY
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