Gulf Petrochemical Industries Co. paid an annual interest payment $97.5, the face value is $1,000....
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Gulf Petrochemical Industries Co. paid an annual interest payment $97.5, the face value is $1,000. While, the current price of the bond is $935, number of years to maturity is 15 years. (8 marks) Required: A- Calculate the bond yield to maturity. B- Calculate after-tax cost of debt if the tax is 40%
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