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Business, 23.08.2019 05:30 ilovecatsomuchlolol

Jay's bakery has a bond issue outstanding that matures in eight years. the bonds pay interest semiannually. currently, the bonds are quoted at 97.8 percent of face value and carry a coupon rate of 5.7 percent. what is the aftertax cost of debt if the tax rate is 21 percent?

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Jay's bakery has a bond issue outstanding that matures in eight years. the bonds pay interest semian...
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