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--9 (similar to st of debt) Temple-Midiand, Inc. is issuing a $1.000 par value bond that pays 8.8 percent annual interest and matures in 15

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--9 (similar to st of debt) Temple-Midiand, Inc. is issuing a $1.000 par value bond that pays 8.8 percent annual interest and matures in 15 years. Investors are willing to pay $946 the bond and Temple faces a tax rate of 26 percent. What is Temple's after-tax cost of debt on the bond? after-tax cost of debt is % (Round to two decimal places) Enter your answer in the answer box and then click Check

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