Rovers dog care has outstanding debt currently selling for, Ask an Expert

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Rover's Dog Care has outstanding debt currently selling for $870 per bond. It matures in 18 years, pays interest semiannually, and has a coupon rate of 9%. If par is $1,000 and the tax rate is 38%, what is the? after-tax cost of debt? The after-tax cost of debt for Rover's Dog Care is __%. (Round to two decimal places.)

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Financial Management, Finance

Category:- Financial Management
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