FIN 571 WEEK 5 Multiple Choice Question 63

FIN 571 WEEK 5 Multiple Choice Question 63
The cost of debt: Beckham Corporation has semiannual bonds outstanding with 13 years to maturity and are currently priced at $746.16. If the bonds have a coupon rate of 8.5 percent, then what is the after-tax cost of debt for Beckham if its marginal tax rate is 35%? Assume that your calculation is made as on Wall Street.

 
12.500%
 
12.890%
 
6.250%
 
8.125%

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