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A company's 6% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $466.73. The company's federal-plus-state

A company's 6% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $466.73. The company's federal-plus-state tax rate is 25%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC?

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