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( After - tax cost of debt ) Melbourne, Inc. currently has 3 bonds with a yield of maturity of 4 . 5 . If

(

After

-

tax cost of debt

)

Melbourne, Inc. currently has

3

bonds with a yield of maturity of

4.5 .

If it in the

35 %

marginal tax rate, what is its after

-

tax cost of debt?

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