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29. ABC Corporation issues a $100, 20-year bond paying the market rate of 10%. Coupons are semiannual. The bond will sell for par since it

29. ABC Corporation issues a $100, 20-year bond paying the market rate of 10%. Coupons are semiannual. The bond will sell for par since it pays the market rate, but flotation costs amount to $5 per bond. What is the pre-tax and after-tax cost of debt for ABC Corporation

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