S. Claus & Company is planning a zero coupon bond issue. The bond has a par value of $1,000, matures in 2 years, and will be sold at a price of $826.45 . The firm's marginal tax rate is 40 percent. What is the annual after-tax cost of debt to the company on this issue?
a. 4.0%
b. 6.0%
c. 8.0%
d. 10.0%
e. 12.0%
b
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As an economy opens up to international trade, domestic prices
a. decrease. b. increase. c. become stable over time. d. align more with international prices.
______ is the conflict-handling style that strives to devise solutions that benefit both parties.
A. Avoiding B. Collaborating C. Compromising D. Forcing E. Accommodating
After much trial and error, Morgan’s financial services company finally has a written code of ethics. What should be her first step in communicating the company code of ethics to employees?
a. Have upper management memorize the code so they can serve as role models for subordinates. b. Develop a testing system by which each employee can be quizzed about the code online. c. Publish the code and have it distributed to every employee. d. Choose an individual who is closely related to the code to take charge of the strategy for communication.
A case before a U.S. Court of Appeals is generally heard by all judges of the circuit sitting en banc
a. True b. False Indicate whether the statement is true or false