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Neptune Corporation's bonds have 15 years to maturity and a coupon rate of 8%. Interest is paid semi-annually. The bonds sold at par value, but

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Neptune Corporation's bonds have 15 years to maturity and a coupon rate of 8%. Interest is paid semi-annually. The bonds sold at par value, but the firm paid flotation costs amounting to 3% of par value. The firm has a marginal tax rate of 21%. What is the firm's after-tax cost of debt for these bonds? O 6.38% 8.36% 5.93% O 6.60% 8.00%

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