Business
Business, 25.03.2020 05:29, squiddddplop

To help finance a major expansion, Top Fashion Company sold a noncallable bond several years ago that now has 20 years to maturity. This bond has a 8.0% annual coupon, paid semiannually, sells at a price of $1,050, 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? 4.51% 4.68% 3.95% 5.24% 4.80%

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