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Great Seneca Inc. sells $ 1 0 0 million worth of 1 9 - year to maturity 9 . 5 6 % annual coupon bonds.
Great Seneca Inc. sells $ million worth of year to maturity annual coupon bonds. The net proceeds proceeds after flotation costs are $ for each $ bond. The firm's marginal tax rate is What is the aftertax cost of capital for this debt financing?
Round the answer to two decimal places in percentage form. Write the percentage sign in the "units" box
You should use Excel or financial calculator.
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