Business
Business, 16.12.2019 17:31, nicholasferrell

Kenny electric company's noncallable bonds were issued several years ago and now have 20 years to maturity. these bonds have a 9.25% annual coupon, paid semiannually, sells at a price of $1,075, and has a par value of $1,000. if the firm's tax rate is 40%, what is the component cost of debt for use in the wacc calculation?

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