Louisiana State University, Shreveport FIN FIN 701 Hi There, could you please help me explaining how to resolve this problems. thank you! Company Inc. has debt with both a face and a market value of
Your firm has a $250,000 bond issue outstanding. These bonds have a 7% coupon, pay interest semiannually, and have a current market price equal to 103% of face value. What is the amount of the annual interest tax shield given a tax rate of 35%?
a. $6,125 b. $6,309 c. $9,500 d. $17,500 e. $18,025
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