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A company issues a 30-year, $1,000 bond which pays semi- annual coupons at 6%. The price of the bond is 5515.16. If the tax rate

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A company issues a 30-year, $1,000 bond which pays semi- annual coupons at 6%. The price of the bond is 5515.16. If the tax rate is 40%, calculate the after-tax cost of debt. O A. 7.295 O B. 12.095 O C. 15.3% O D. 17.4% O E. 19.0%

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