What is the after-tax cost of debt

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Question - Lenards Inc issues a 20-year semi-annual payment bond, which is priced at $1213.55. The coupon rate of the bond is 9.00%. The tax rate is 40 percent. What is the after-tax cost of debt?

Reference no: EM132963590

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What is the after-tax cost of debt : Lenards Inc issues a 20-year semi-annual payment bond, which is priced at $1213.55. The coupon rate of the bond is 9.00%. What is the after-tax cost of debt
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