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A bond has a face value of $1,000. It has a maturity of 20 years and a coupon rate of 9%. The bond pays interest

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A bond has a face value of $1,000. It has a maturity of 20 years and a coupon rate of 9%. The bond pays interest semiannually. The yield on the bond is 10%. Assuming a 30% tax rate, what is the after tax cost of this bond, for purposes of calculating the company's WACC? 7% 4.5% 6.3% 10%

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