(Cost of deb) Caraway Seed Company issuing a $1,000 par value bond that pays 7 percent annual rest and matures in years Investors are willing to pay 5085 for the bond Flotation costs will be 14 percent of market value. The company is in a 38 percent tax bracket What will be the firm's antenas cost of debt on the bond? The firm's after-tax cost of dietit on the borld was bound to be decimal places)
