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Q: 11) If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C.
$300,000 D. $210,000
A: The annual net cash cost is D. $210,000
MrG|Points 1875|
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Asked 11/19/2012 5:20:11 PM
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