Business, 20.02.2020 03:29 ayoismeisalex

Currently, Warren Industries issued 15-year, $1000 par-value bonds paying annual interest at a 12% coupon rate. As a result of the current interest rate, the bonds would sell for $980 each. The firm is in the 40% tax bracket. Calculate the before-tax cost and after-tax cost of the bond. A. 12.30%, 6.75% B. 12.30%, 7.38% C. 10.30%, 6.38% D. 13.50%, 7.38%\

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Currently, Warren Industries issued 15-year, $1000 par-value bonds paying annual interest at a 12% c...