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A $1000 par value bond is offering a coupon rate of 10% but similar bonds are currently offering 9%. The tax rate is 40%. What

A $1000 par value bond is offering a coupon rate of 10% but similar bonds are currently offering 9%. The tax rate is 40%. What is the cost of this bond? Select one: a. 10% b. 5.4% C. 6% d. 9%

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