NAC361.312. “Imbedded debt cost” defined.

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“Imbedded debt cost” means the average rate of interest that a company pays for its long-term debt. Basically, it is the amount of the total interest paid on long-term debt during the year divided by the face value of the long-term debt outstanding at the end of the year.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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