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PaulaMary
Nov 13, 2008, 09:40 AM
If a firm has $5 million of debt outstanding with a coupon rate of 12% with a current yield to maturity on these bonds of 14% and the firm's tax rate is 40%, what is the cost of debt? Please show how you calculated this. Thanks

ScottGem
Nov 13, 2008, 09:44 AM
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