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Business, 03.08.2019 03:30 stryker71

Tthe present time, three waters company (twc) has 20-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,382.73 per bond, carry a coupon rate of 13%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 30%. if twc wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (note: round your ytm rate to two decimal place.)

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Tthe present time, three waters company (twc) has 20-year noncallable bonds with a face value of $1,...
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