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A company has a regular bond outstanding. The bond has 12 years to maturity. The face value of the bond is $1,000. The value of

A company has a regular bond outstanding. The bond has 12 years to maturity. The face value of the bond is $1,000. The value of bond today (price) is $910. Coupons are paid annually. The coupon rate is 5.50%. The tax rate is 21.50%. What is the after tax rate of return on the bond (debt)?

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