asked 136k views
5 votes
Galvatron Metals has a bond outstanding with a coupon rate of 6.1 percent and semiannual payments. The bond currently sells for $947 and matures in 23 years. The par value is $1,000 and the company's tax rate is 40 percent. What is the company's aftertax cost of debt

asked
User Dzzxjl
by
7.7k points

1 Answer

3 votes
The price would be 0000100
answered
User EManna
by
8.1k points
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