Builtrite Furniture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 15-year maturity, $1000 par value, 5 3/4% coupon bonds after flotation costs for $1015. If Builtrite is in the 34% marginal tax bracket, what is the after-tax cost for the bonds?
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Home » Business » Builtrite Furniture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 15-year maturity, $1000 par value, 5 3/4% coupon bonds after flotation costs for $1015.