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Morgan Corp. is refunding $6 million worth of 12% debt. The new bonds will be issued for 6%. The corporation's tax rate is 35%. The

Morgan Corp. is refunding $6 million worth of 12% debt. The new bonds will be issued for 6%. The corporation's tax rate is 35%. The call premium is 8%. What is the net cost of the call premium? O A) $360,000 OB) $312,000 OC) $480,000 OD) $234,000

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