Himinys cricket farm issued a 26-year 14 percent semiannual, Ask an Expert

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Himiny's Cricket Farm Issued a 26-year, 14 percent semiannual bond 3 years ago. The bond currently sells for 90 percent of its face value. The company's tax rate is 33 percent. What is the aftertax cost of debt? Do not round intermediate calculations.

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Financial Management, Finance

Category:- Financial Management
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