Examlex
Compare glycerol with ethanol.
After-Tax Cost of Debt
The net cost of debt to a company after accounting for the tax deductions on interest payments, effectively lowering the interest expense.
Bond Prices
The market value of a bond, which can fluctuate based on interest rates, credit quality of the issuer, and other factors.
Security Market Line
A representation in the Capital Asset Pricing Model (CAPM) showing the relationship between the expected return of a security and its risk, measured by beta.
Marginal Tax Rate
The rate at which the next dollar of taxable income would be taxed, reflecting the percentage taken by taxes in the next higher tax bracket.
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