Exhibit 7A.1 Gargoyle Unlimited is planning to issue a zero coupon bond to fund a project that will yield its first positive cash flow in 3 years. That cash flow will be sufficient to pay off the entire debt issue. The bond's par value will be $1000, it will mature in 3 years, and it will sell in the market for $785.00. The firm's marginal tax rate is 40.00%. Refer to Exhibit 7A.1. What is the expected after-tax cost of this debt issue? Do not round your intermediate calculations.
A. 5.55%
B. 4.89%
C. 6.20%
D. 5.04%
E. 5.09%
Answer: D
Business
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Identify the statement that is true about personnel policies.
A) Policies should not include promotions and benefits. B) A case-by-case treatment is preferable to a common policy. C) Personnel policies lead to reduced workplace safety. D) Personnel policies hinder customer relations. E) Personnel policies promote fair decision making.
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With more than ________ percent of employees seeking to "meet their mate" in the workplace, supervisors must work with human resource professionals to develop new policies and procedures for dealing with these risky relationships
A) 23 B) 33 C) 43 D) 53 E) 63
Business