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A company issues a 20-year semi-annual coupon payment bond with a coupon rate of 10.00%. It receives net $1,175.00 for each newly issued bond. The

A company issues a 20-year semi-annual coupon payment bond with a coupon rate of 10.00%. It receives net $1,175.00 for each newly issued bond. The tax rate is 40%. What is the after-tax cost of debt for the company

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