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Calculate the after tax cost of debt for Dover's following bond Issue. Current date 09/30/23 Maturity date 09/30/28 Annual coupon rate 3.70% Bond price (%

Calculate the after tax cost of debt for Dover's following bond Issue.

Current date		09/30/23
Maturity date		09/30/28
Annual coupon rate	3.70%
Bond price (% of par)	99.50
Face value		$ 1,000
Coupons per year	2
Tax rate		20%

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