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Dubbo Ltd's marginal tax rate is 30%. It has 5-year bonds with a coupon rate of 4% and a face value of $1,000. The coupon

Dubbo Ltd's marginal tax rate is 30%. It has 5-year bonds with a coupon rate of 4% and a face value of $1,000. The coupon interest is paid semi-annually. The bonds are trading currently at a price of $1062 each. Determine the appropriate after-tax cost of debt for Dublin Ltd.

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