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2) United Corporations 14 percent coupon rate, semiannual payment, $1,000 par value 30-year bonds currently sell at a price of $1,353.54. If Uniteds marginal tax

2) United Corporations 14 percent coupon rate, semiannual payment, $1,000 par value 30-year bonds currently sell at a price of $1,353.54. If Uniteds marginal tax rate is 40 percent, what is its before-tax and after-tax cost of debt?

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