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Bond Yield and After - Tax Cost of Debt A company's 8 % coupon rate, semiannual payment, $ 1 , 0 0 0 par value
Bond Yield and AfterTax Cost of Debt
A company's coupon rate, semiannual payment, $ par value bond that matures in years sells at a price of $ The company's federalplusstate tax
What is the firm's aftertax component cost of debt for purposes of calculating the WACC? Hint: Base your answer on the nominal rate. Round your answer to two decimal places.
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