Which of the following is the proper way to adjust the cost of debt to
Which of the following is the proper way to adjust the cost of debt to estimate the after-tax cost of debt?
A) Rd ÷ (1 + Tc)
B) Rd ÷ (1 – Tc)
C) Rd × (1 – Tc)
D) Rd × (1 + Tc)
ANSWER
Answer: C
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