A bond with a 1000 par value sells for 895 the coupon rate
A bond with a $1,000 par value sells for $895. The coupon rate is 7%, the bonds mature in 20 years, and coupon interest is paid semi-annually. The tax rate is 35%. What is the aftertax cost of this debt?
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a bond with a 1000 par value sells for 895 the coupon rate is 7 the bonds mature in 20 years and coupon interest is
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