I see you're probably trying to use a math editor to present this problem. Unfortunately, I'm unsure how to decipher your "-\frac {a }{8.06)." What fraction are you speaking of?
Given "<span>#-\frac { a } { 8.06} + 7.02= 18.4#," all I can say with certainty is that you could legitimately subtract 7.02 from both sides:
</span><span>#-\frac { a } { 8.06} + 7.02= 18.4#
- 7.02 = -7.02
After I've heard back from you, I'll try to help you solve the entire problem.
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Answer:
approx 58 yard we can determine it by pithagoras theorem
Answer:
d
Step-by-step explanation:
its the correct answer
Hope this helps:)
Answer:
Pretax cost of debt is 5.94%
After tax cost of debt is 4.63%
Step-by-step explanation:
The pretax cost of the debt is the yield to maturity on the debt issuance,which can be computed using the rate formula in excel:
=rate(nper,pmt,-pv,fv)
nper is the number of semi-annual interest payments payable by the bond from year 3 onward ,that is the number of years to maturity 12*2=24
pmt is the semi-annual interest payable by the bond issuer which is face value of the bond ,$1000*5%/2=$25
pv is the current price of the bond which 92% of face value i.e 92%*$1000=$920
fv is the face value of the bond at $1000
=rate(24,25,-920,1000)
rate=2.97%
the rate calculated is a semi-annual rate,annual rate =2.97%*2
=5.94%
The pretax cost of debt is 5.94%
After tax cost of debt=pretax cost of debt*(1-t)
t is the tax rate of 22%
after tax cost of debt =5.94%*(1-22%)
=4.63%
