Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![Royal Jewelers Inc. has an aftertax cost of debt of 12.45 percent. With a tax rate of 40 percent, what can you assume the yield on the
debt is? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Yield
%
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4 of 10
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Transcribed Image Text:Royal Jewelers Inc. has an aftertax cost of debt of 12.45 percent. With a tax rate of 40 percent, what can you assume the yield on the
debt is? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Yield
%
< Prev.
4 of 10
Next >
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it say all answers above are incorrect, i need the yield on the debt percentage plz and thank u
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