Business, 17.09.2019 11:20 itasykamila

Several years ago the jakob company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. the bond currently sells for $825, and the company’s marginal tax rate is 40%. what is the after-tax cost of debt of the firm?

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Several years ago the jakob company sold a $1,000 par value bond that now has 20 years to maturity a...