A companys 8 coupon rate semi annual payment 1000 par value, Ask an Expert

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A company's 8% coupon rate, semi annual payment, $1,000 par value bond that matures in 20 years sells at a price of $593.17. The company's federal-plus-state tax rate is 40%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC?

(Hint: Base your answer on the nominal rate.) Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91261030

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