The bond currently sells for 950 and the companys tax rate, Financial Management

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The bond currently sells for 950 and the companys tax rate

Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $950, and the company’s tax rate is 45%. What is the component cost of debt for use in the WACC calculation?

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Financial Management: The bond currently sells for 950 and the companys tax rate

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Financial Management: The bond currently sells for 950 and the companys tax rate

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