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A company's 14.0% coupon rate, semiannual payment, $1,000 par value bond that matures in 24 years sells at a price of $902.93. The company's federal-plus-state

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A company's 14.0% coupon rate, semiannual payment, $1,000 par value bond that matures in 24 years sells at a price of $902.93. The company's federal-plus-state tax rate is 25.0%. What is the firm's after-tax component cost of debt? 6.75% 1.37% 9.52% 7.50% 11.66%

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