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megans designs has a bond issue outstanding balance that matures in 7 years. The bonds pay intrest semi-annually. currently the bonds are quoted at 103.4%

megans designs has a bond issue outstanding balance that matures in 7 years. The bonds pay intrest semi-annually. currently the bonds are quoted at 103.4% of face value and carry an 11% coupon. what the firms aftertax cost of debt if the tax rate is 21%.

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