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(After tax cost of dept) FitBite, Inc, currently has an outstanding bond that pays interest annually, a coupon rate of 6%, priced at $1,050, and

(After tax cost of dept) FitBite, Inc, currently has an outstanding bond that pays interest annually, a coupon rate of 6%, priced at $1,050, and 5 years until maturity. If it is in the 35% marginal tax rate, what is its after tax cost of dept? What is the after tax cost of dept of it pays interest semiannually?

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