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Cost of debt using the approximation formula For the following 51.000-pa-value bond, assuming annual interest payment and a 22% tax rate, calculate the after-tax cost

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Cost of debt using the approximation formula For the following 51.000-pa-value bond, assuming annual interest payment and a 22% tax rate, calculate the after-tax cost to matunty using the approximation forma Life Underwriting for 540 Discount (-) premium) - $20 Coupon interest rate BX 10 years The after-tax cost of fencing using the approximation formula is % (Round to two decimal places.)

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