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Business, 20.08.2020 23:01 neather

The coupon rate on an issue of debt is 8%. The yield to maturity on this issue is 10%. The corporate tax rate is 31%. What would be the approximate after-tax cost of debt for a new issue of bonds

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The coupon rate on an issue of debt is 8%. The yield to maturity on this issue is 10%. The corporate...
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