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If a corporation faces a tax rate of 21 percent, the after-tax cost of debt for a 15-year, 12 percent, $1,000 par value bond, selling
If a corporation faces a tax rate of 21 percent, the after-tax cost of debt for a 15-year, 12 percent, $1,000 par value bond, selling at $950 is OA. 5.11 percent OB. 12.76 percent OC. 2.68 percent OD. 10.08 percent
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