If abcs tax rate is 30 what is the companys after tax cost


Suppose ABC Company issued a 15 year, 8% coupon rate bond six years ago. The bond is currently selling for $1725.73. The bond has a $1000 face value and pays interest annually. IF ABC's tax rate is 30% what is the company's after tax cost of debt?

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Financial Management: If abcs tax rate is 30 what is the companys after tax cost
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