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1 - 1 . The BP Company's currently outstanding 1 0 percent coupon bonds trade at the price of $ 8 7 0 and have
The BP Company's currently outstanding percent coupon bonds trade at the price of $ and have maturity years with par value of $ BP believes it could issue new bonds that would provide a similar yield to maturity. If its marginal tax rate is what is BPs after tax cost of debt?
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