What is your after-tax cost of debt if your bond is trading for $975, with a face value of $1,000, and pays an annual co
Posted: Sat Jul 02, 2022 10:22 pm
What is your after-tax cost of debt if your bond is trading for $975, with a face value of $1,000, and pays an annual coupon rate of 8%? Your tax rate is 21%. The bond was issued with a 10-year maturity and has 7 years left.