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Dr. Doom Inc. has a 4-year bonds which pay 8 percent interest quarterly. These bonds currently sell on the market for $1200. Dr. Doom pays

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Dr. Doom Inc. has a 4-year bonds which pay 8 percent interest quarterly. These bonds currently sell on the market for $1200. Dr. Doom pays a 30% tax rate. What is Dr. Doom's after-tax cost of debt? a. 10.65% b. 1.90% c. 2.71% d. 7.45% e. 2.63%

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