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Nimrod Co. has bonds outstanding with a yield to maturity of 12.34%. These bonds pay a semiannual coupon of 9% and the current yield is

Nimrod Co. has bonds outstanding with a yield to maturity of 12.34%. These bonds pay a semiannual coupon of 9% and the current yield is 8.56%. If the corporate tax rate is 25%, what is the after-tax cost of debt to this form

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