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    18 views1 page

    Midterm Quiz 1

    Uploaded by

    Ron

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Midterm Quiz 1

    Question 8

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    Question text

    FPL Company plans to make Php50,000 loan with Php7,000 annual interest. If the cost incurred related
    to this instrument is Php2,000 and the total tax rate is 30%, what is the cost of debt?

    Select one:

    a. 10.21%

    b. 9.80%

    c. 4.38%

    d. 10.00%

    Clear my choice

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