Neotech corporationrsquos 12 percent coupon rate semiannual


Neotech Corporation’s 12 percent coupon rate, semiannual payment, $1,000 par value, 30-year bonds currently sell at a price of $1,353.54. If its marginal tax rate is 40 percent, what is Neotech’s after-tax cost of debt?

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Financial Management: Neotech corporationrsquos 12 percent coupon rate semiannual
Reference No:- TGS02153790

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