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117.Janex Corp. is refunding $8 million worth of 13% debt. The new bonds will be issued for 8%. The corporation's tax rate is 35%. The

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117.Janex Corp. is refunding $8 million worth of 13% debt. The new bonds will be issued for 8%. The corporation's tax rate is 35%. The call premium is 9%. What is the net cost of the call premium? A. $280,000 B. $400,000 C. $468,000 D. $720,000

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