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Balance sheet 598 million of 525 percent note payable due

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Balance sheet $598 million of 5.25 percent note payable due in 2016. Company's income tax rate is approximately 19 percent. How do I compute company's after-tax cost of borrowing on this bond issue stated as a total dollar amount?

Compute the company's after-tax cost of borrowing on this bond issue states as a percentage of the amount borrowed?

Reference no: EM13577156

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