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Heuser Company's coupon bondsat 10% currentlyoutstandingyield a 12% to maturity. The company is thinking of issuing more bonds at par, giving similar performance. If the

Heuser Company's coupon bondsat 10% currentlyoutstandingyield a 12% to maturity. The company is thinking of issuing more bonds at par, giving similar performance. If the marginal tax rate is 35%, what is the cost of your debt after taxes?

Reference book:

Corporate Finance: A Focused Approach by Ehrhardt and Brigham Second Edition

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