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Jemison Foods has 6,500 bonds outstanding with a face value of $1,000 each and a coupon rate of 8%. The interest is paid semi-annually. What

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Jemison Foods has 6,500 bonds outstanding with a face value of $1,000 each and a coupon rate of 8%. The interest is paid semi-annually. What is the amount of the annual interest tax shield if the tax rate is 35%

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