Determine the after-tax percentage cost of a 50 million, Ask an Expert

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Determine the (after-tax) percentage cost of a $50 million debt issue that the Mattingly Corporation is planning to place privately with a large insurance company. Asume that the company has a 40% marginal tax rate. The long term debt issue will yield 12% to the insurance company.

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Financial Management, Finance

Category:- Financial Management
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