If a corporation has an average tax rate of 30 percent, what is the approximate after cost of debt for a P1,000 par value bond selling for P1,120 that matures in 6 years and pays 12 percent interest annually? a. 8.5% b.6.6% c.12.0% d.13.2%

If a corporation has an average tax rate of 30 percent, what is the approximate after cost of debt for a P1,000 par value bond selling for P1,120 that matures in 6 years and pays 12 percent interest annually? a. 8.5% b.6.6% c.12.0% d.13.2%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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