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Assume that Dell issued 30-year bonds, 8% coupon rate, semiannual, 7 years ago. The bond currently.. 1 answer below » Assume that Dell issued 30-year bonds, 8% coupon rate, semiannual, 7 years ago. The bond currently sells for 108% of face value. The company’s tax rate is 35%. 1. What is the pretax cost of debt? 2. What is the after-tax cost of debt? 3. Which is more important and why? Sep 18 2015 03:46 PM
