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Bellamy, Inc., has semiannual bonds outstanding with five years to maturity, and priced at $920.87. If the bonds have a coupon rate of 7 percent,

Bellamy, Inc., has semiannual bonds outstanding with five years to maturity, and priced at $920.87. If the bonds have a coupon rate of 7 percent, then what is the after-tax cost of debt for Bellamy if its marginal tax rate is 35%

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