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11. Modern Lamps has 8,000 bonds outstanding that are currently quoted at 101.3. The bonds mature in 19 years and have a 7% coupon, what

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11. Modern Lamps has 8,000 bonds outstanding that are currently quoted at 101.3. The bonds mature in 19 years and have a 7% coupon, what is the firm's aftertax cost of debt if the applicable tax rate is 40%

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