Determine after-tax cost of debt


Macon farm's 6% coupon rate (semi-annual payment) $1,000 par value 12 year bonds currently sell at a price of $814.20. If its marginal tax rate is 40%, what is Macon's after-tax cost of debt?

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Microeconomics: Determine after-tax cost of debt
Reference No:- TGS040270

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