GDP measures a country's economic output during

A product line consists of unrelated products that are sold to diverse customer groups

Indicate whether the statement is true or false

Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments

In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, the firm would have to pay flotation costs of 2.5 percent of face value. The firm's tax rate is 33 percent. Given this information, the after-tax cost of debt for Tangshan Mining would be ________. A) 6.38% B) 12.76% C) 4.98% D) 8.48%