What is? temples after-tax cost of debt on bond

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Reference no: EM131538531

(Cost of? debt) ? Temple-Midland, Inc. is issuing a ?$1,000 par value bond that pays 7.5 percent annual interest and matures in 15 years. Investors are willing to pay ?$945 for the bond and Temple faces a tax rate of 32 percent. What is? Temple's after-tax cost of debt on the? bond?

Reference no: EM131538531

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