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2pts Builtrite Furniture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 10 year maturity, $1000 par value, 71/8%

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2pts Builtrite Furniture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 10 year maturity, $1000 par value, 71/8% coupon bonds after flotation costs for $930. If Buttrite is in the 34% marginal tax bracket. what is the after-tax cost for the bonds? 5.42% 4. 524 8.21% 3.50x

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