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1. Fine Leather corp. has the pre-tax cost of debt of 5.83%. What is the companys after-tax cost of debt if their tax rate is
1. Fine Leather corp. has the pre-tax cost of debt of 5.83%. What is the companys after-tax cost of debt if their tax rate is 35 percent?
2. Troy corporation has a pre-tax cost of debt of 5%. What is the after-tax cost of debt for the company given the corporate tax rate of 40%?
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