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5 pts Question 4 Suppose T-Mobile is issuing $100,000 worth of bond with an annual coupon rate of 6%, maturing in 9 years. If the

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5 pts Question 4 Suppose T-Mobile is issuing $100,000 worth of bond with an annual coupon rate of 6%, maturing in 9 years. If the Flotation cost is expected to be 3% of the bond price and the company is in a 15% tax bracket, what is the firm's after-tax cost of debt on the bond? (State your answer in percentage with two decimal point)

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