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Given the following information about a debenture, the post-tax cost of the debenture using the approximation formula is Par value = Rs. 100; Coupon rate

Given the following information about a debenture, the post-tax cost of the debenture using the approximation formula is Par value = Rs. 100; Coupon rate = 10% Redemption price = Rs. 102 per debenture Net amount realized = Rs 98 per debenture Tax rate = 0.35; Number of years to maturity =

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