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Freddy's is a small restaurant supply company. They currently have 3990000 zero coupon bonds outstanding, each with a face value of $1,000. The bonds have

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Freddy's is a small restaurant supply company. They currently have 3990000 zero coupon bonds outstanding, each with a face value of $1,000. The bonds have a maturity of 4 years and they are traded in the market at 77% of par. If Freddy's tax rate is 34%, what is their after-tax cost of debt capital? Enter your answer as a percent rounded to 2 decimal places. For example, if your answer is 0.1234, enter 12.34 without the percent sign. Your

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