Title 47
SECTION 65.302
65.302 Cost of debt.
§ 65.302 Cost of debt.The formula for determining the cost of debt is equal to:
Where:
“Total Annual Interest Expense” is the total interest expense for
the most recent year for all local exchange carriers with annual
revenues equal to or above the indexed revenue threshold as defined
in § 32.9000 of this chapter. “Average Outstanding Debt” is the
average of the total debt outstanding at the beginning and at the
end of the most recent year for all local exchange carriers with
annual revenues equal to or above the indexed revenue threshold as
defined in § 32.9000 of this chapter. [81 FR 24344, Apr. 25, 2016]