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Philip Corporation is considering issuing RM20 Million worth of 10-year, 10% coupon bond yield of 8%, therefore the company must issue the bonds for RM990

Philip Corporation is considering issuing RM20 Million worth of 10-year, 10% coupon bond yield of 8%, therefore the company must issue the bonds for RM990 to compensate for the lower interest rate and has a flotation cost of RM2. What is the return on Debt after Tax (rDT)?

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