What is? temple after-tax cost of debt on bond

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Reference no: EM131569831

Cost of? debt) ?Temple-Midland, Inc. is issuing a 1000 par value bond that pays 8.4 percent annual interest and matures in 15 years. Investors are willing to pay ?$953 for the bond and Temple faces a tax rate of 35 percent. What is? Temple's after-tax cost of debt on the? bond?

Reference no: EM131569831

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