Project #59234 - Financae

The Walgreens Corporation is thinking a bout a new investment that it plans to finance using 1/3 debt.  The firm can sel new 1,000 par value bonds with a 15 year maturity at a price of $951.00 that carry a coupon interst rate of 12.2% that is paid semiannually.  If the comapny is in a 34% tax bracket, what is the after tax cost cost of capital to Walgreens for the bonds?  Round to the nearest 2 decimal places.   

Subject Mathematics
Due By (Pacific Time) 02/22/2015 06:00 pm
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