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A $1,000 par bond is currently selling for $1,200. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If

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A $1,000 par bond is currently selling for $1,200. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt? O 1.20% O 3.42% 2.22% O 6.83% 0 4.44%

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