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Electronic Products has 61,000 bonds outstanding that are currently quoted at 104.9. The bonds mature in 11 years and carry a 4.5 percent annual coupon.

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Electronic Products has 61,000 bonds outstanding that are currently quoted at 104.9. The bonds mature in 11 years and carry a 4.5 percent annual coupon. What is the firm's aftertax cost of debt if the applicable tax rate is 24 percent? Aftertax cost of debt =% Allowed attempts: 3

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