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7. Assume a firm has 30-year , 9% coupon bonds with a current market yield of 7.4%. The firm's corporate tax rate is 25%. Find

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7. Assume a firm has 30-year , 9% coupon bonds with a current market yield of 7.4%. The firm's corporate tax rate is 25%. Find the firm's cost of debt to be used in calculating the cost of capital. (1.5 points)

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