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Morgantown Tool has 7.5 percent semiannual bonds outstanding that mature in 13 years. The current price quote is 101.3 percent of par and the tax

Morgantown Tool has 7.5 percent semiannual bonds outstanding that mature in 13 years. The current price quote is 101.3 percent of par and the tax rate is 35 percent. What is the aftertax cost of debt

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