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ABC Inc. just sold a noncallable bond that has 15 years to maturity. This bond has a 5.5% annual coupon, paid semiannually, sells at a

ABC Inc. just sold a noncallable bond that has 15 years to maturity. This bond has a 5.5% annual coupon, paid semiannually, sells at a price of $1,075, and has a par value of $1,000. If the firm's tax rate is 40%, what is the after-tax cost of debt

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