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B A 1 Term to Maturity (Years) 2 Coupon Rate 3 Price 4 Face Value 5 Frequency 6 Flotation Cost 7 Tax Rate 8 After-tax

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B A 1 Term to Maturity (Years) 2 Coupon Rate 3 Price 4 Face Value 5 Frequency 6 Flotation Cost 7 Tax Rate 8 After-tax Cost of Debt 20 8% 970 1,000 2 1% 35% ? What is the correct formula in B8 to calculate the after-tax cost of debt? =RATE(B1*B5,B2/B5 B4,-B3,B4) B5 (1-B7) =RATE(B1B5,B2/B5-B4-B3(1-36),B4)*85*(1-B7) =RATE(B14B5,B2/B5 B4-B3"(1-B6),B4) RATE(B1-B5,B2/B5 B4-B3(1-B6).B4)*(1-B7)

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