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3) To nep Finance a major expansion, Castro Chernical Company sold a noncallable bond several years ago that now has 20 years to maturity. The

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3) To nep Finance a major expansion, Castro Chernical Company sold a noncallable bond several years ago that now has 20 years to maturity. The bond has a 9.35% annual corpow, paid senij annvally, sets at a price of 1875, and has a par value of $2000. IF the tim's tax rate is 25%, what is the component. cost of debt for use in the WACC calculation

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