After Tax Cost of the Capital Assignment | Homework For You

10. Lucy Inc. has a bond with a $1,000 face value, and a coupon rate of 10%. A new issue would have a flotation cost of 5% of the $1,125 market value. The bond will mature in 40 years. Lucy’s marginal tax rate is 34%. What is the approximate after tax cost of this capital?Homework For You

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a) 6.1%

b) 7.1%

c) 8.1%

d) 9.1%. Get Finance homework help today

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