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Blossom Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $990.67 pay interest semiannually, and will mature in 6 years.

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Blossom Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $990.67 pay interest semiannually, and will mature in 6 years. If the tax rate is 35 percent, what are the pre-tax cost and after-tax cost of this debt? (Round answers to 2 decimal places, eg, 52.75%) % Pre-tax cost % After-tax cost

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