Find after-tax cost of debt if firm-s tax bracket is given


Cost of Debt. Micro Spinoffs, Inc, issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 35%, what is its after-tax cost of debt?

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Finance Basics: Find after-tax cost of debt if firm-s tax bracket is given
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