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Instructions (5 of 10) ABC Co. issues $1,000 par value, 6.5% semiannual coupon bonds, with 15 years to maturity. The company sells the bonds for

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Instructions (5 of 10) ABC Co. issues $1,000 par value, 6.5% semiannual coupon bonds, with 15 years to maturity. The company sells the bonds for $750. Find the after-tax cost of debt assuming a tax rate of 35%. 3.05% 4.85% 5.65% 6.31% SAVE ANSWER SKIP QUESTION I AM FINISHED/SUBMIT FOR GRADE Note: Clicking any button other than the Save Answer button will NOT save any changes to your answers

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