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Help! Buchanan Corporation is refundang $13 millon worth of 11w debt. The new bonds will be issued for 7%. The cotporation's tax rate is 40%.

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Buchanan Corporation is refundang $13 millon worth of 11w debt. The new bonds will be issued for 7%. The cotporation's tax rate is 40%. The call premium is 75 . What is the net cost of the call premium after taxes? Mulhiple Choice $550500 $591000 $561000 $546000

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