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A firm can issue $1.000 par value bond that pays $90 per year in interest at a price of $950. The bond will have a

A firm can issue $1.000 par value bond that pays $90 per year in interest at a price of $950. The bond will have a 10-year fe. The firm is in a 35% tax bracket. What Is the after tax cost of debt? Multiple Choice 10 20% 9.81 6.50%

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