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Find What is? Temple after-tax cost of debt on the? bond

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Question 1: Temple-Midland, Inc. is issuing a $1 comma 000 par value bond that pays 8.3 percent annual interest and matures in 15 years. Investors are willing to pay $952 for the bond and Temple faces a tax rate of 33 percent. What is Temple's after-tax cost of debt on the bond?

Reference no: EM132551812

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