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Electronic Products has 37,000 bonds outstanding that are currently quoted at 102.5. The bonds mature in 9 years and carry a 8 percent annual coupon.
Electronic Products has 37,000 bonds outstanding that are currently quoted at 102.5. The bonds mature in 9 years and carry a 8 percent annual coupon. What is the firm's aftertax cost of debt if the applicable tax rate is 22 percent?
Electronic Products has 37,000 bonds outstanding that are currently quoted at 102.5. The bonds mature in 9 years and carry a 8 percent annual coupon. What is the firm's aftertax cost of debt if the applicable tax rate is 22 percent?
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