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FOR MORE CLASSES VISIT<br>www.tutorialoutlet.com<br><br>Belton Distribution Company is issuing a $1,000 par value bond that pays 10 percent annual<br>interest and matures in 15 years that is paid semiannually. Investors are willing to pa);r $958 for the bond.<br>The company;' is in the 18 percent marginal tax bracket. What is the firm's after-tax cost of debt on the bond? The firm's after-tax cost of debt on the bond is |:|%. (Round to two decimal places.)<br>
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Marginal Tax Bracket Endless Education/tutorialoutletdotcom FOR MORE CLASSES VISIT www.tutorialoutlet.com
Marginal Tax Bracket Endless Education/tutorialoutletdotcom The company;' is in the 18 percent marginal tax bracket. What is the firm's after-tax cost of debt on the bond? FOR MORE CLASSES VISIT www.tutorialoutlet.com Belton Distribution Company is issuing a $1,000 par value bond that pays 10 percent annualinterest and matures in 15 years that is paid semiannually. Investors are willing to pa);r $958 for the bond.The company;' is in the 18 percent marginal tax bracket. What is the firm's after-tax cost of debt on the bond?