Your company is borrowing $5,800,000 in the form of notes payable from a bank. The bank is charging the company an interest rate of 6% Your company's income tax rate is 27%. What is the net yield and interest rate for the notes payable?
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Your company is borrowing $5,800,000 in the form of notes payable from a bank.
The bank is charging the company an interest rate of 6%
Your company's income tax rate is 27%.
What is the net yield and interest rate for the notes payable?
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