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Macon Farms 6 percent coupon rate (semi annual payment) $1,000 par value 12-year bonds currently sell at a price of $814.20. If it marginal tax
Macon Farms 6 percent coupon rate (semi annual payment) $1,000 par value 12-year bonds currently sell at a price of $814.20. If it marginal tax rate is 40 percent, what is Macon's after-tax cost of debt?
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