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Assume a firm has 30 -year 7.5% coupon bonds with a current market sold-toyield rate of 6.4% The combined corporate tax rate is 28%. Find

Assume a firm has 30 -year 7.5% coupon bonds with a current market sold-toyield rate of 6.4% The combined corporate tax rate is 28%. Find the firm's cost of debt to be used in calculating the cost of capital. (2 points)

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