babylindsey9074 babylindsey9074
  • 15-12-2022
  • Business
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ellie's boutique has a bond issue outstanding that matures in 14 years. the bonds pay interest semi-annually. currently, the bonds are selling at 98% of face value and carry an 8% coupon. the firm's tax rate is 35%. what is the firm's after-tax cost of debt?

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