Home Depot has debt outstanding with a face value of $30 billion. The coupon rate...
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Finance
Home Depot has debt outstanding with a face value of $30 billion. The coupon rate on these bonds is 6.2%. The current yield-to-maturity (YTM) on these bonds is 8.1%. Home Depot's tax rate is 28%. What is the effective cost of debt of Home Depot? A. 4.46% B. 6.20% C. 8.10% D. 10.37% O E. 5.83%
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