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A firm has outstanding debt with a coupon rate of 5%, seven years maturity, and a price of $1000 per $1000 face value. What is

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A firm has outstanding debt with a coupon rate of 5%, seven years maturity, and a price of $1000 per $1000 face value. What is the after-tax cost of debt if the marginal tax rate of the firm is 35%? O A. 3.4% O B. 3.6% OC. 3.3% OD. 3.7% Click to select your

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