Minor reman issued 30-year 85 percent semiannual bonds 6, Ask an Expert

Finance

Minor ReMan issued 30-year, 8.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face value. What is the firm's aftertax cost of debt if the tax rate is 35 percent?

1) 5.46 percent

2) 5.62 percent

3) 5.76 percent

4) 6.59 percent

5) 6.83 percent

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91557517

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