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7. Compute the approximate before-tax cost of debt. Par=$1000, coupon rate = 5%, maturity = 10 years, PV = $800. Tax rate is 20%. a.

7. Compute the approximate before-tax cost of debt. Par=$1000, coupon rate = 5%, maturity = 10 years, PV = $800. Tax rate is 20%. a. 5% b. 6% G. 7% d. 8%

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