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Cost of Debt RC Cola issued 1 0 year bonds 2 years ago with a 6 % coupon payment. The bonds are currently selling for

Cost of Debt
RC Cola issued 10 year bonds 2 years ago with a 6% coupon payment. The bonds are currently selling for 97% of its face value, or $970. What is RC Cola's after-tax cost of debt? Assume semi-annual coupon payments and a 26% tax rate.
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