Airborne Airlines Inc. has a $1,000 par value bond outstanding with 20 years to maturity. The bond carries anannual interest payment of $100 and is currently selling for $900. Airborne is in a 25 percent tax bracket. Thefirm wishes to know what the aftertax cost of a new bond issue is likely to be. The yield to maturit… Show more… Show more Accounting Business Financial Accounting BUSI 320 Share QuestionEmailCopy link Comments (0)