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McQulnty, Inc. has a beta of 1.34 and a marginal tax rate of 31%. The company has one bond issue outstanding with a total face

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McQulnty, Inc. has a beta of 1.34 and a marginal tax rate of 31%. The company has one bond issue outstanding with a total face value of $750,000. The bonds are currently quoted at 98.6. These bonds have seven years to maturity, a 6% coupon rate, and pay Interest semi-annually. What is the after-tax cost of debt for McQuinty, Inc.? lo 0 0 0 0

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