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Buchanan Corp. Is refunding $13 million worth of 10% debt. The new bonds will be issued for 9%. The corporation's tax rate is 36%. The

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Buchanan Corp. Is refunding $13 million worth of 10% debt. The new bonds will be issued for 9%. The corporation's tax rate is 36%. The call premium is 9% What is the net cost of the call premium after taxes? Multiple Choice $53,300 $783,800 $763,800 $240,00

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