Multiple Choice
Apple's 9% annual coupon bond has 10 years until maturity and the bonds are selling in the market for $890. The firm's tax rate is 36%. What is the firm's after-tax cost of debt?
A) 10.86%
B) 3.91%
C) 9.81%
D) 6.95%
Correct Answer:
Verified
Correct Answer:
Verified
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