Business, 07.03.2020 05:10 winterblanco

Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 21%, what is its percentage cost of debt

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Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of...