Business, 14.12.2019 00:31 zuleidysnegron
Packman corporation has semiannual bonds outstanding with nine years to maturity and are currently priced at $754.08. if the bonds have a coupon rate of 7.25 percent, then what is the after-tax cost of debt for packman if its marginal tax rate is 30 percent? complete the calculation as is done on wall street.
a. 7.050%
b. 8.225%
c. 12.095%
d. 11.750%
Answers: 3
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Packman corporation has semiannual bonds outstanding with nine years to maturity and are currently p...
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