After-Tax Cost of Debt
LL Incorporated’s currently outstanding 11% coupon bonds have a yield to maturity of 14%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 35%, what is LL’s after-tax cost of debt? Round your answer to two decimal places.
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what is LL’s after-tax cost of debt? was first posted on July 18, 2019 at 3:05 pm.
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