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(Cost of debn Carraway Soed Company is issuing a $1,000 par value bond that pays 9 peccent annual interest and matures in 7 years. Investors

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(Cost of debn Carraway Soed Company is issuing a $1,000 par value bond that pays 9 peccent annual interest and matures in 7 years. Investors are willing to pay $965 for the bond. Filatation The ferm's aher-tax cost of sebt on the bond will be. 15. (Round to two decimal places.)

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