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A bond with a $1,000 par value, 6.5% coupon (paid annually) and 12 years left to maturity is trading at $827. What is the yield

A bond with a $1,000 par value, 6.5% coupon (paid annually) and 12 years left to maturity is trading at $827. What is the yield to maturity?

If the companys marginal tax rate is 44 percent, what is the after-tax cost of existing debt?

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