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Ernie's has 3, 500 bonds outstanding with a face value of $1,000 each and a coupon rate of 8.5 percent. What is the amount of

Ernie's has 3, 500 bonds outstanding with a face value of $1,000 each and a coupon rate of 8.5 percent. What is the amount of the annual interest tax shield if the tax rate is 34 percent

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