If a corporation has an average tax rate of 40 percent, the approximate, annual, after-tax cost of debt for a 15-year, 12 percent, $1,000 par value bond, selling at $950 is ________
A) 10 percent
B) 10.6 percent
C) 7.7 percent
D) 6.0 percent
C
Business
You might also like to view...
Marketing has been described as being both an "art" and a "science." Discuss the differences and similarities between these two marketing thrusts
Provide your theoretical response and a "real-life" example where you have seen both processes work effectively at creating customer value and loyalty.
Business
A regular order is characterized by _____
a. the use of opportunistic buying by a discounter b. a high degree of negotiation on an ongoing basis c. a high level of opportunistic buying d. a uniform contract with standardized terms
Business