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Builtrite Furniture is considering sells bonds for a plant expansion. Currently. Builtrite believes that it could sell 10 -year maturity, $1000 par value, 77/8% coupon

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Builtrite Furniture is considering sells bonds for a plant expansion. Currently. Builtrite believes that it could sell 10 -year maturity, $1000 par value, 77/8% coupon bonds after fotation costs for $930. If Bultrite is in the 34% marginat tax bracket, what is the after-tax cost for the bonds? 5.428 4525 821% 3505

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