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Beckham Corp. has semiannual bonds outstanding with 9 years to matunity that are currently priced at $754.08. If the bonds have a coupon rate of

Beckham Corp. has semiannual bonds outstanding with 9 years to matunity that are currently priced at $754.08. If the bonds have a coupon rate of 7.25% then what is the after tax cost of debt for Beckham if its marginal tax rate is 30%? complete the calculation as is done on wall street

8.225%

8.467%

11.750%

12.095%

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