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Gobo Co. has bonds currently selling for $1,905 and a face value of $2,000.The company has a tax rate of 40% and the bonds have

Gobo Co. has bonds currently selling for $1,905 and a face value of $2,000.The company has a tax rate of 40% and the bonds have a coupon rate of 6.5% paying semi-annual coupons with 10 years to maturity? What is the after-tax cost of debt for Gobo?

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