Rover's Dog Care has outstanding debt currently selling for $900 per bond. It matures in...
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Accounting
Rover's Dog Care has outstanding debt currently selling for $900 per bond. It matures in 16 years, pays interest semiannually, and has a coupon rate of 14%. I paris $1,000 and the tax rate is 28%, what is the after-tax cost of debt? The after-tax cost of debt for Rover's Dog Care is % (Round to two decimal places.)
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