A companys 8 coupon rate semiannual payment 1000 par value


A company's 8% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $577.36. The company's federal-plus-state tax rate is 35%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC?

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Finance Basics: A companys 8 coupon rate semiannual payment 1000 par value
Reference No:- TGS0601314

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