Telecom Systems can issue debt yielding 4 percent. The company is in a 25 percent bracket. What is its aftertax cost of debt?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter14: Security Structures And Determining Enterprise Values
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Telecom Systems can issue debt yielding 4 percent. The company is in a 25 percent bracket. What is its aftertax cost of debt?
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