Multiple Choice
Outstanding debt of Home Depot trades with a yield to maturity of 7%.The tax rate of Home Depot is 30%.What is the effective cost of debt of Home Depot?
A) 5.2%
B) 7%
C) 6.3%
D) 4.9%
E) 2.1%
Correct Answer:
Verified
Correct Answer:
Verified
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