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A company's 7 % coupon rate, semiannual payment, $ 1 , 0 0 0 par value bond that matures in 2 5 years sells at
A company's coupon rate, semiannual payment, $ par value bond that matures in years sells at a price of $ The company's federalplusstate tax rate is What is the firm's aftertax component cost of debt for purposes of calculating the WACC? Hint: Base your answer on the nominal rate. Round your answer to one decimal place.
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