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Component cost of of debt

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A company's 6% coupon rate,semiannual payment,$1,000 par value bond that matures in 30 years sells at a price of $515.16 .The company's federal-plus-state Tax rate is 40%.What is the firm's component cost of of debt for the purposes of calculating
WACC(hint base your answer on nominal rate)

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The solution explains how to determine the component cost of of debt.

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The component cost of debt is the after tax Yield to Maturity (YTM) on the ...

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