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DDDDDD (8 of 10) XYZ Co. issues $1,000 par value, 5.6% annual coupon bonds, with 15 years to maturity. The company sells the bonds for

DDDDDD (8 of 10) XYZ Co. issues $1,000 par value, 5.6% annual coupon bonds, with 15 years to maturity. The company sells the bonds for $655. Find the after-tax cost of debt assuming a tax rate of 35% 3.55% 6.62% 6.20% 4.30%

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