asked 98.5k views
4 votes
Decline Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 13 years to maturity that is quoted at 105.2 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually. What is the aftertax cost of debt if the tax rate is 21 percent

asked
User Valgog
by
8.4k points

1 Answer

1 vote

Answer: 4.30%

Explanation: i done my research

answered
User Yannie
by
7.6k points
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