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Business, 22.06.2021 20:30 xthatshepoxy

KJ Pharma issues new bonds to fund an acquisition. The face value of the bond is $100 and annual coupon is 6.5%. Further, this bond matures in 20 years and is issued at a price of $105. Assuming KJ Pharma's tax rate is 30%, what is its After-Tax Cost of Debt

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KJ Pharma issues new bonds to fund an acquisition. The face value of the bond is $100 and annual cou...
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