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please show all steps The Pet Market has $1,000 face value bonds outstanding with 4 years to maturity, a coupon rate of 8 percent, annual
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The Pet Market has $1,000 face value bonds outstanding with 4 years to maturity, a coupon rate of 8 percent, annual interest payments, and a current price of $1100. What is the aftertax cost of debt if the tax rate is 40 percent?
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