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'B MC Qu. 10-100 (Algo) On January 1, Year 1, Bluefield Company issued... On January 1, Year 1, Bluefield Company issued bonds with a face

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'B MC Qu. 10-100 (Algo) On January 1, Year 1, Bluefield Company issued... On January 1, Year 1, Bluefield Company issued bonds with a face value of $120.000, a stated rate of Interest of 11%, and a 20-year term maturity. The bonds were issued at face value. If Bluefield's tax rate is 40%, what is the after-tax cost of borrowing related to these bonds for Year 1? Multiple Choice o $7,920 $19.490 $5.290 O $13.200

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