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Rickos Rickos
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6 years ago
Alpha has an outstanding bond issue that has a 7.75% semiannual coupon, a current maturity of 20 years, and sells for $967.97. The firm's income tax rate is 40%. What should Alpha use as an after-tax cost of debt for cost of capital purposes?
A) 2.42%
B) 4.04%
C) 4.85%
D) 8.08%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Rickos Author
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6 years ago
Thanks
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This helped my grade so much Perfect
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