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Investors require a 5 percent rate of return on a 20-year, 10% annual coupon bond trading for $1,623.11. If the investors are in a 21%
Investors require a 5 percent rate of return on a 20-year, 10% annual coupon bond trading for $1,623.11. If the investors are in a 21% tax bracket, what is the after-tax cost of deb? 3.95% 6.50% 7.89% 12.15%
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