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12-A certain firm has 21,000 bonds outstanding with a par value of $1,000 each and a coupon rate of 7%. If interest is paid annually,

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12-A certain firm has 21,000 bonds outstanding with a par value of $1,000 each and a coupon rate of 7%. If interest is paid annually, and the firm has a tax rate of 35%, what is the annual interest tax shield? (514,500)

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