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Neptune Corporation's bonds have 20 years to maturity with a coupon rate of 10%. Interest is paid semi- annually. The bonds sold at par value,

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Neptune Corporation's bonds have 20 years to maturity with a coupon rate of 10%. Interest is paid semi- annually. The bonds sold at par value, but the firm paid flotation costs amounting to 5% 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 5.85% O 5.98% O 8.38% 4.99% 10.61%

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