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MoviePlex is planning to raise a total of $8,000,000 with a bond issue. Each of the bonds has a face (par) value of $7,000 and

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MoviePlex is planning to raise a total of $8,000,000 with a bond issue. Each of the bonds has a face (par) value of $7,000 and coupon rate of 4%. The company's applicable tax rate is 29%. a) What is the annual coupon payment, per bond, that investors expect to receive? b) What is the total after-tax annual interest expense to MoviePlex

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