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Handel Bakery's 7 percent annual coupon bond has 1 2 years until maturity and the bonds are selling in the market for $ 9 1

Handel Bakery's 7 percent annual coupon bond has 12 years until maturity and the bonds are selling in the market for $910. The firm's tax rate is 21 percent. What is the firm's after-tax cost of debt?
a)6.48 percent R ate
NPEX =12
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