Solution-Temple after-tax cost of debt on the bond

Temple after-tax cost of debt on the bond

Reference no: EM131402196

Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.1 percent annual interest and matures in 15 years. Investors are willing to pay $948 for the bond and Temple faces a tax rate of 32 percent. What is Temple's after-tax cost of debt on the bond?

Reference no: EM131402196

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Temple after-tax cost of debt on the bond : Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.1 percent annual interest and matures in 15 years. Investors are willing to pay $948 for the bond and Temple faces a tax rate of 32 percent. What is Temple's after-tax cost of deb..

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Temple after-tax cost of debt on the bond

Reference no: EM131402196

Reference no: EM131402196

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