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Mathematics, 13.06.2020 09:57 Cjohnston742

Bermuda Cruises issues only common stocks and coupon bonds. The firm has a debt-equity ratio of 0.45. The cost of equity is 17.6 percent.
Required:
What is the pre-tax cost of the company debt if weighted average costs of the company is 13.5% and
the firm's tax rate is 35 percent?

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Bermuda Cruises issues only common stocks and coupon bonds. The firm has a debt-equity ratio of 0.4...
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