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December 9, 2015 at 7:48 pm #289925
lilili
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Get it ! Thank you so much John to point out my mistake 🙂
December 9, 2015 at 6:48 pm #289872
lilili
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but I think that in Q4 you should not ignore the tax rate because the debt enjoys the free of tax. so the cost of debt must be 9.3%*(1-25%)=6.98%
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