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1 For the following S Cost of debt using the approximation formula 1 comma 000 1,000-par-value bond, assuming annual interest payment and a 23 23%

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1 For the following S Cost of debt using the approximation formula 1 comma 000 1,000-par-value bond, assuming annual interest payment and a 23 23% tax rate, calculate the after-tax cost to maturity using the approximation formula Discount minus or premium plus Coupon Underwriting fee Life interest rate negative $ 30 -$30 15 9 15 years 35 9% 35

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