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solina solina
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Posts: 1273
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7 years ago
Bender and Co. is issuing a $1,000 par value bond that pays 9% interest annually. Investors are expected to pay $918 for the 10-year bond. What is the after-tax cost of debt if the firm is in the 34% tax bracket?
A) 6.83%
B) 9.00%
C) 10.35%
D) 15.68%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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7 years ago
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solina Author
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7 years ago
Thanks for your help!!
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Yesterday
this is exactly what I needed
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2 hours ago
Thank you, thank you, thank you!
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