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PackMan company has bonds outstanding with nine years to maturity and are currently priced at $754.08. If the bonds have a coupon rate of 7.25

PackMan company has bonds outstanding with nine years to maturity and are currently priced at $754.08. If the bonds have a coupon rate of 7.25 percent, then what is the after-tax cost of debt (EAY) for Beckham if its company tax rate is 30 percent? (Round to the closest answer)

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