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Business, 01.12.2021 02:30 elexiafloyd

The outstanding bonds of Tech Express are priced at $1,023 and mature in 13 years. These bonds have a face value of $1,000, a coupon rate of 6.5 percent, and pay interest semiannually. The tax rate is 21 percent. What is the aftertax cost of debt

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The outstanding bonds of Tech Express are priced at $1,023 and mature in 13 years. These bonds have...
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