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A firm has outstanding debt with a coupon rate of 9%, seven years maturity, and a price of $1000 per $1000 face value. What is

A firm has outstanding debt with a coupon rate of 9%, 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%? A. 6.1% B. 5.9% C. 6.7% OD. 6.4%

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