Wind Power Systems has 20-year, semi-annual bonds outstanding with a 5 percent coupon. The face amount...
- Wind Power Systems has 20-year, semi-annual bonds outstanding with a 5 percent coupon. The face amount of each bond is $1,000. These bonds are currently selling for 114 percent of face value. Its tax rate is 40%. What is the company's before tax (pre-tax) cost of debt (r d)?
|
3.98 percent |
|
4.42 percent |
|
4.71 percent |
|
5.36 percent |
|
2.39 percent |
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Wind Power Systems has 20-year, semi-annual bonds outstanding with a 5 percent coupon. The face amount...
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