Tax Rate Finace Assingment

Governments run due to revenues or taxes. These are the funds that are scheduled for running different projects. Therefore, business studies is thought in institutions to equip learners with various skills, however, the subject seems to be troublesome to some. Get business studies assignment help from my homework writers. Here is a common example of common questions asked.

The coupon rate on an issue of debt is 12%. The yield to maturity on this issue is 12%. The corporate tax rate is 33%. What would be the approximate after-tax cost of debt for a new issue of bonds? (Round your answer to 2 decimal places.)

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