A company's stock is currently selling for \\( \\$ 15.25 \\) per share, and its...
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Finance
A company's stock is currently selling for \\( \\$ 15.25 \\) per share, and its noncallable \\( \\$ 1,000.00 \\) par value, 20-year, \9.00 bonds with semiannual payments are selling for \\( \\$ 930.41 \\). The firm's tax rate is \21. What is the best estimate of the after-tax cost of debt? \8.48 \9.23 \7.35 \6.59 \7.74
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