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1) USA Manufacturing issued 24-year, 8.5 percent semiannual bonds . The bonds currently sells for $1,010. What is the firm's aftertax cost of debt if

1) USA Manufacturing issued 24-year, 8.5 percent semiannual bonds . The bonds currently sells for $1,010. What is the firm's aftertax cost of debt if the tax rate is 30 percent?

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