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enver Ski Lodge has outstanding debt currently selling for $890. It matures in 5 years, pays interest semi-annually, and has an 8% coupon payment. If

enver Ski Lodge has outstanding debt currently selling for $890. It matures in 5 years, pays interest semi-annually, and has an 8% coupon payment. If par is $1,000 and the tax rate is 40%, what is the after-tax cost of debt?

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