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Lugget Corp. has one bond issue outstanding with an annual coupon of 3.5%, a face value of $1,000 and a price of $1,042.65, which matures

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Lugget Corp. has one bond issue outstanding with an annual coupon of 3.5%, a face value of $1,000 and a price of $1,042.65, which matures in 10 years. The company's tax rate is 25%. Part 1 Attempt 1/10 for 10pts What is Lugget's pre-tax cost of debt? Part 2 Attempt 1/10 for 10pts What is the company's after-tax cost of debt

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