Business, 30.11.2020 18:00 lagarde

5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and an 11% coupon, semiannual payment ($55 payment every 6 months). The bonds currently sell for $844.87. If the firm's marginal tax rate is 25%, what is the firm's after-tax cost of debt?

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5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value...

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