What is its after-tax cost of debt

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Suppose your firm can borrow what it needs from a local bank at 5% interest. If your firm's effective tax rate is 30%, what is its after-tax cost of debt?

Reference no: EM13306989

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What is its after-tax cost of debt : Suppose your firm can borrow what it needs from a local bank at 5% interest. If your firm's effective tax rate is 30%, what is its after-tax cost of debt?
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