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A company just issued a 30-year bond with a 4.5% coupon rate, and a $1000 par value that sold for a price of $923.13. What
A company just issued a 30-year bond with a 4.5% coupon rate, and a $1000 par value that sold for a price of $923.13. What is the After-tax of cost debt to the firm if its current tax rate is 25%?
Group of answer choices
3.50%
3.75%
4.50%
5.00%
5.50%
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