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PackMan Corporation has semiannual bonds outstanding with nine years to maturity and the bonds are currently priced at $795.06. If the bonds have a coupon

PackMan Corporation has semiannual bonds outstanding with nine years to maturity and the bonds are currently priced at $795.06. If the bonds have a coupon rate of 8 percent, then what is the after-tax cost of debt for Beckham if its marginal tax rate is 30 percent? (Round to two decimal places) 04.11% O 8.23% 11.75% 5.88%

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