The before-tax cost of debt for a firm, which has a marginal tax rate of 40 percent, is 12 percent. The after-tax cost of debt is ________
A) 4.8 percent
B) 6.0 percent
C) 7.2 percent
D) 12 percent
C
Business
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A two-year fixed-for-floating Libor swap is 1.00% and the two-year US Treasury bond is yielding 0.63%. The swap spread is closest to:
A. 37 bps. B. 100 bps. C. 163 bps.
Business
Considering the following two-person game, what percentage of the time should X play strategy X2?
Y1 Y2 X1 6 3 X2 2 8 A) 1/3 B) 2/3 C) 4/9 D) 5/9 E) None of the above
Business