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Business, 06.08.2021 01:00 priceisright11401

The Holmes Company's currently outstanding bonds have a 10% coupon and a 12% yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 35%, what is Holmes's after-tax cost of debt

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The Holmes Company's currently outstanding bonds have a 10% coupon and a 12% yield to maturity. Holm...
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