Outstanding debt of Home Depot trades with a yield to maturity of 5%. The tax rate of Home Depot is 40%. What is the effective cost of debt of Home Depot?

A) 4.50%
B) 4.65%
C) 3.60%
D) 3.00%

Answer: D

Business

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Give an example of a restaurant's credence attribute

What will be an ideal response?

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