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A company has outstanding bonds woth a 10-year maturity date and the face value is $1000. the binds have an annual coupon payment of $80
A company has outstanding bonds woth a 10-year maturity date and the face value is $1000. the binds have an annual coupon payment of $80 and current market price of $1155. if the company has a marginal rate of 22% what would be a reasonable estimate of their after tax cost od debt?
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