Several years ago the haverford company sold 1000 par value, Ask an Expert

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Several years ago the Haverford Company sold $1,000 par value bond that now has 25 years to maturity and an 8.00% annual coupon that is paid quarterly. The bond currently sells for $900.90, and the company's tax rate is 40%. What is the component cost of debt for use in the WACC calculation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9395680

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