If a corporation has an average tax rate of 30 percent, what is the approximate after cost of debt for a P1,000 par value bond selling for P1,120 that matures in 6 years and pays 12 percent interest annually? a. 8.5% b.6.6% c.12.0% d.13.2%
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If a corporation has an average tax rate of 30 percent, what is the approximate after cost of debt for a P1,000 par value bond selling for P1,120 that matures in 6 years and pays 12 percent interest annually?
a. 8.5%
b.6.6%
c.12.0%
d.13.2%
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