Buddy corp has a target debt-equity ratio of 060 its wacc


Buddy Corp. has a target debt-equity ratio of 0.60. Its WACC is 10.5% and the tax rate is 30%. If the company's cost of equity is 16.5% what is its pretax cost of debt?

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Financial Management: Buddy corp has a target debt-equity ratio of 060 its wacc
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