The carriage house issued 10-year 8 percent semiannual


The Carriage house issued 10-year, 8 percent semiannual bonds 3 years ago. The bonds currently sell at 99.5 percent of face value. What is the firm's after-tax cost of debt if the tax rate is 32 percent?

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Finance Basics: The carriage house issued 10-year 8 percent semiannual
Reference No:- TGS0614682

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