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Outstanding Debt of Home Depot Trades with a Yield to Maturity

Question 29

Multiple Choice

Outstanding debt of Home Depot trades with a yield to maturity of 7%.The tax rate of Home Depot is 30%.What is the effective cost of debt of Home Depot?


A) 5.2%
B) 7%
C) 6.3%
D) 4.9%
E) 2.1%

Correct Answer:

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