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ABC Co. issues $1,000 par value, 7.2% semiannual coupon bonds, with 15 years to maturity. The company sells the bonds for $750. Find the after-tax

ABC Co. issues $1,000 par value, 7.2% semiannual coupon bonds, with 15 years to maturity. The company sells the bonds for $750. Find the after-tax cost of debt assuming a tax rate of 35%. 2.57% 4.08% 6.86% 5.28%

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