Three waters company (twc) can borrow funds at an interest rate of 11.10% for a period of six years. its marginal federal-plus-state tax rate is 25%. twc’s after-tax cost of debt is (rounded to two decimal places). at the present time, three waters company (twc) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,329.55 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 25%. 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.)

a. 5.48%

b. 7.31%

c. 6.09%

d. 7.00%.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; closing the loop;