hannahgibson1918 hannahgibson1918
  • 19-05-2024
  • Business
Answered

Micro spinoffs incorporated issued 10-year debt a year ago at par value with a coupon rate of 5%, paid annually. today, the debt is selling at $1,210. If the firm’s tax bracket is 21%, what is its percentage cost of debt? assume a face value of $1,000.



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