The approximate before-tax cost of debt for a 10-year, 8 percent, $1,0
The approximate before-tax cost of debt for a 10-year, 8 percent, $1,000 par value bond selling at $1,150 is ________.
A) 5.97 percent
B) 8.33 percent
C) 8.82 percent
D) 9 percent
ANSWER
A
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