don't have my financial calculator so i'm stranded!
so:
Jiminy�s Cricket Farm issued a 16-year, 6 percent semiannual bond 2 years ago. The bond currently sells for 91 percent of its face value. The company�s tax rate is 35 percent.
What is the pretax cost of debt?
What is the aftertax cost of debt?
---------- Post added at 10:06 PM ---------- Previous post was at 09:54 PM ----------
need it to 4 decimals btw
---------- Post added at 11:04 PM ---------- Previous post was at 10:06 PM ----------
Got it. Board closed.