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Temple-midland inc is issuing a 1000 par value bond that

Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.1 percent annual interest and matures in 15 years. Investors are willing to pay $948 for the bond and Temple faces a tax rate of 32 percent. What is Temple's after-tax cost of debt on the bond?

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Finance Basics: Temple-midland inc is issuing a 1000 par value bond that

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Finance Basics: Temple-midland inc is issuing a 1000 par value bond that

Reference No:- TGS02198828

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