The outstanding debt of Berstin Corp.has eight years to maturity,a current yield of 8%,and a price of $95.What is the pretax cost of debt if the tax rate is 30%.

Name: The outstanding debt of Berstin Corp.has eight years to maturity,a current yield of 8%,and a price of $95.What is the pretax cost of debt if the tax rate is 30%.
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The Answer of The outstanding debt of Berstin Corp.has eight years to maturity,a current yield of 8%,and a price of $95.What is the pretax cost of debt if the tax rate is 30%.

The Outstanding Debt of Berstin Corp