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Cost of debt using the approximation formula???For the following ?$1,000?-par-value bond, assuming annual interest payment and...

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Finance

Cost of debt using the approximation formula???For the following?$1,000?-par-value bond, assuming annual interest payment and a22?%

tax? rate, calculate the ?after-tax cost to maturity using theapproximation formula.

Life underwriter fee discount interest

20 years   $35 -$30 6%

The? after-tax cost of financing using the approximation formulais

_______?%.

?(Round to two decimal? places.)

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Cost of debt using the approximation formula???For the following?$1,000?-par-value bond, assuming annual interest payment and a22?%tax? rate, calculate the ?after-tax cost to maturity using theapproximation formula.Life underwriter fee discount interest20 years   $35 -$30 6%The? after-tax cost of financing using the approximation formulais_______?%.?(Round to two decimal? places.)

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