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Rickos Rickos
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6 years ago
Gibson Industries is issuing a $1,000 par value bond with an 8% semi-annual interest coupon rate and that matures in 11 years. Investors are willing to pay $972 for these bonds. Gibson is in the 34% tax bracket. What will be the after-tax cost of debt of the bond?
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
Loruiz15
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sleinhi
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2 hours ago
Thanks for your help!!
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