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A firm has issued a bond. The bond has a 6% coupon, paid semi annually, a current maturity of 15 years, and sell for $1273.8.

A firm has issued a bond. The bond has a 6% coupon, paid semi annually, a current maturity of 15 years, and sell for $1273.8. the firms marginal tax rate is 21%. What's the firms after-tax component cost of debt?

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