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Calculate the approximate, annual, after-tax cost of debt for a 15-year, 12 percent coupon, $1,000 par value bond, selling at $950, if a corporation
Calculate the approximate, annual, after-tax cost of debt for a 15-year, 12 percent coupon, $1,000 par value bond, selling at $950, if a corporation has an average tax rate of 40 percent O a. 6.0 percent O b. 7.6 percent O c. 10 percent O d. 10.6 percent
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