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11.33 Cost of debt for a company: You are analysing the after-tax cost of debt for a company. You know that the company's 12-year maturity,

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11.33 Cost of debt for a company: You are analysing the after-tax cost of debt for a company. You know that the company's 12-year maturity, 9.5 per cent coupon bonds with a face value of S1000 are selling at a price of $1,200. The bonds pay interest semi-annually. If these bonds are the only debt outstanding for the company, what is the after-tax cost of debt for this company if the corporate tax rate is 30 per cent? What if the bonds are selling at par

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