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4. Cost of bond. XYZ Corporation has an outstanding 10-year bond with a 6% coupon rate which sells for $1,015. The company has a 35%

4. Cost of bond. XYZ Corporation has an outstanding 10-year bond with a 6% coupon rate which sells for $1,015. The company has a 35% tax rate. How much does the bond cost to the company? 3.77% With detailed calculated steps.

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