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Hamilton Company's 8.5 percent coupon rate, semiannual payment, $1,000 par value bond, which matures in 12 years, currently sells at a price of $709.95. The

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Hamilton Company's 8.5 percent coupon rate, semiannual payment, $1,000 par value bond, which matures in 12 years, currently sells at a price of $709.95. The company's tax rate is 33 percent. Based on the nominal interest rate, not the EAR, what is the firm's after-tax cost of debt for purposes of calculating the WACC? 11.00% 9.50% 9.00% 10.00% 10.50%

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