CosaNostra Pizzais undergoing a major expansion. The expansion will be financed by issuing new 30-year, $1,000 par, 10% semiannual coupon bonds. The market price of the bonds is $1,020each. Flotation expense on the new bonds will be $70per bond. The marginal tax rate is 35%. What is the post-tax cost of debt for the newly-issued

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm