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paid semiannually and a 15-year maturity. Investors require a rate of return of 8.1 percent. a. Compute the market value of the bonds. b. How
paid semiannually and a 15-year maturity. Investors require a rate of return of 8.1 percent. a. Compute the market value of the bonds. b. How many bonds will the firm have to issue to receive the needed funds? c. What is the firm's after-tax cost of debt if the firm's tax rate is 34 percent? a. The market value of the bonds is $ (Round to the nearest cent.) b. The number of bonds that the company needs to sell is bonds. (Round up to the nearest integer.) c. The firm's after-tax cost of debt is \%. (Round to two decimal places.)
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