Buchanan corp. is refunding $10 million worth of 10% debt. the new bonds will be issued for 8%. The corporation's tax rate is 35%. The call premium is 9% what is the net cost of the call premium after taxes?
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Home » Mathematics » Buchanan corp. is refunding $10 million worth of 10% debt. the new bonds will be issued for 8%. The corporation's tax rate is 35%. The call premium is 9% what is the net cost of the call premium after taxes?