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ADK has 30,000 15-year 9% annual coupon bonds outstanding. If the bonds currently sell for 111% of par and the firm pays an average tax

ADK has 30,000 15-year 9% annual coupon bonds outstanding. If the bonds currently sell for 111% of par and the firm pays an average tax rate of 36%, what will be the before-tax and after-tax component cost of debt?

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