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93.76% of par value. a. What is Avicorp's pretax cost of debt? b. If Avicorp faces a 30% tax rate, what is its after-tax cost

93.76% of par value. a. What is Avicorp's pretax cost of debt? b. If Avicorp faces a 30% tax rate, what is its after-tax cost of debt? Note: Assume that the firm will always be able to utilize its full interest tax shield

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