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Boulder Furniture has bonds outstanding that mature in 10 years, have a 8 percent coupon, and pay interest annually. These bonds have a face value

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Boulder Furniture has bonds outstanding that mature in 10 years, have a 8 percent coupon, and pay interest annually. These bonds have a face value of $1,000 and a current market price of $1,050. What is the company's after-tax cost of debt if its tax rate is 35 percent? A. 3.7896 B. 4.7396 C. 5.8496 D. 7.2896

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