A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt?
A) 9.00%
B) 7.84%
C) 6.07%
D) 5.85%
E) 5.10%
E
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Dividing net sales on account by the average amount of net accounts receivable is the calculation for the
a. accounts receivable turnover. b. working capital turnover. c. merchandise inventory turnover. d. plant and equipment turnover.
________ analysis is defined as describing the data in the sample with the use of percentages or averages
A) Comparison B) Generalization C) Relationship D) Summarization E) Confidence
Approximately one in ________ U.S. residents is African American, American Indian or Alaska Native, Asian American, or Native Hawaiian or Pacific Islander.
A. seven B. ten C. two D. three E. five
________ property includes movable items such as furniture, cars, and even pets
A) Tangible personal B) Tangible real C) Intangible personal D) Intangible real