The marginal tax rate for happy tree company is 32 what is


Happy Tree Company just issued $100,000,000 of 10-year bonds with a coupon rate of 3%. The bonds were purchased at face value (par value). The Company paid 2.5% floatation costs. The marginal tax rate for Happy Tree Company is 32%. What is the after-tax cost of the debt to the Company?  

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Financial Management: The marginal tax rate for happy tree company is 32 what is
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