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Over [174]
3 years ago
11

Several years ago the jakob company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00% annual coupon tha

t is paid semiannually. the bond currently sells for $825, and the company’s marginal tax rate is 40%. what is the after-tax cost of debt of the firm?
Business
1 answer:
Triss [41]3 years ago
8 0
<span>If several years ago, the Jakob company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually, then the after-tax cost of debt of the firm will be 4.65%.</span>
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When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
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The net worth (owners' equity) for this business is $2.2 million

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3 years ago
The Human Resources department of Superior Catering conducted a training workshop on setting and achieving organization goals. D
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The goals are not time-bound, there is no specific date as to when they should be achieved.

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