The advisability of allowing governments to issue patents on business processes has been vigorously debated by legal scholars and business researchers. A compromise proposal advanced by Jeff Bezos, founder of Amazon.com, would allow the issuance of business patents, but restrict the patent protection period to a short time, perhaps two or three years. In about 200 words, present logical and factual arguments that support the issuance of limited-term business process patents.
Husky Enterprises recently sold an issue of 10-year maturity bonds. The bonds were sold at a deep discount price of $615 each. After flotation costs, Husky received $604.50 each. The bonds have a $1,000 maturity value and pay $50 interest at the end of each year. Compute the after-tax cost of debt for these bonds if Husky?s marginal tax rate is 40 percent.
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