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Arnott Ltd issued an eight-year debenture at par two years ago that pays 7% coupon annuallyC The debenture is currently selling for $95.38? If the

Arnott Ltd issued an eight-year debenture at par two years ago that pays 7% coupon annuallyC The debenture is currently selling for $95.38? If the corporate tax rate is 30%, Calculate the after tax cost of Arnott's debt?

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