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Company A had 8000 bonds outstanding with a Face value of $1000 each. The coupon rate is 6.5% and the tax rate is 34%. What

Company A had 8000 bonds outstanding with a Face value of $1000 each. The coupon rate is 6.5% and the tax rate is 34%. What is the present value of the interest tax shield?

3.09m
2.83m
2.72m
3.13m
3.26m

(m=million)

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