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Need help with Proper Steps Please! ) Problem # 1 ( 1 7 marks ) Sinner Service Inc. ( SSI ) has the following 2

Need help with Proper Steps Please!

)

Problem #

1 (17

marks

)

Sinner Service Inc.

(

SSI

)

has the following

2,

semi

-

annual coupon bond issues outstanding:

If the corporate tax rate is

35 %,

what is the after

-

tax cost of debt for SSI.?

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