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A company can issue coupon bonds at par with a coupon rate of 8%, and its tax rate is 20%. This company also has a

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A company can issue coupon bonds at par with a coupon rate of 8%, and its tax rate is 20%. This company also has a cost of preferred stock of 10% and a cost of equity of 15%. What is the after- tax cost of debt? 8.8% O 11% 6.4% O 1.6% O 8%

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