clevon6804 clevon6804
  • 05-08-2024
  • Business
Answered

The outstanding debt of Berstin Corp. has eight years to​ maturity, a current yield of 7​%, and a price of $ 80. What is the pretax cost of debt if the tax rate is 40​%.
A. 9​%
B. 5.4​%
C. 6.3​%
D. More information needed.



Answer :

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