Multiple Choice
Wonder Warp Corp.(WWC) recently reported that is after-tax cost of debt capital was 6.50%.If WWC's average tax rate is 30% what is the yield-to-maturity on WWC's bonds?
A) 6.90%
B) 8.97%
C) 9.30%
D) 21.67%
Correct Answer:
Verified
Correct Answer:
Verified
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