A 1000 par value bond has 7 years to maturity the bond pays


A $1,000 par value bond has 7 years to maturity. The bond pays $60 a year in interest and is selling for $900. Given a 30% tax bracket, what is the after tax cost of this debt?

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Financial Accounting: A 1000 par value bond has 7 years to maturity the bond pays
Reference No:- TGS01070607

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