skyy6490 skyy6490
  • 08-12-2022
  • Business
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decline inc. is trying to determine its cost of debt. the firm has a debt issue outstanding with 13 years to maturity that is quoted at 105.2 percent of face value. the issue makes semiannual payments and has a coupon rate of 6 percent. the face value is $1,000. what is the aftertax cost of debt if the tax rate is 21 percent?

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