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Beckham Corporation has semiannual bonds outstanding with 15 years to maturity and the bonds are currently priced at $850. If the bonds have a coupon

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Beckham Corporation has semiannual bonds outstanding with 15 years to maturity and the bonds are currently priced at $850. If the bonds have a coupon rate of 6 percent, then what is the after-tax cost of debt for Beckham if its marginal tax rate is 35%? Round your intermediate calculation to five decimal places and final percentage answer to two decimal places. 750% 4.85% 5.35% 5.01%

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