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Example: Effective Cost of Debt The average coupon rate on DuPonts outstanding debt is 4%, while the average yield to maturity on outstanding debt is

Example: Effective Cost of Debt The average coupon rate on DuPonts outstanding debt is 4%, while the average yield to maturity on outstanding debt is 1.94%. If DuPonts tax rate is 40%, what is its effective cost of debt

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