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Gin Co's bonds, which pay annual coupon interest at a rate of 6.5%, have a face value of $1,000 and mature in 11 years are

Gin Co's bonds, which pay annual coupon interest at a rate of 6.5%, have a face value of $1,000 and mature in 11 years are currently trading for $1,025. If Gin Co is in the 21% tax bracket, what is its after-tax cost of debt

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