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A firm has outstanding debt with a coupon rate of 6%, ten 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 6%, ten 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 25% ? A. 3.6% B. 4.5% C. 4.7% D. 4.1%

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