The Approximate Before-Tax Cost of Debt for a 15-Year, 10

question 131

Multiple Choice

The approximate before-tax cost of debt for a 15-year, 10 percent, $1,000 par value bond selling at $950 is ________.

• A) 10 percent
• B) 10.7 percent
• C) 12 percent
• D) 15.4 percent

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