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Given the following information: interest rate 8% tax rate 30% dividend $3 price of the common stock $50 growth rate of dividends 7% debt ratio

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Given the following information: interest rate 8% tax rate 30% dividend $3 price of the common stock $50 growth rate of dividends 7% debt ratio 40% Determine the firm's after-tax cost debt? 13.42% 5.60% O 13.00% 8.00%

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