LL Incorporate s currently outstsnding 11% coupon bonds have a yield to maturity of 8%. LL believes it could issue new bonds at par thet would provide a similiar yield to maturity. If its marginal tax rate is 35%, whai is LL s after tax cost of debt?

LL Incorporate s currently outstsnding 11% coupon bonds have a yield to maturity of 8%. LL believes it could issue new bonds at par thet would provide a similiar yield to maturity. If its marginal tax rate is 35%, whai is LL s after tax cost of debt?








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