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Help! Buchanan Corporation is tefunding $13 multion worth of 11 , debt. The new bonds will be istued for 7%. The corporation's tax rate is

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Buchanan Corporation is tefunding $13 multion worth of 11 , debt. The new bonds will be istued for 7%. The corporation's tax rate is 40%. The call premium is 7%. What is the net cost of the call premium affer takes? Mulole Choice $550500 sin1000 $56t000 $54600

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