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please show how to solve this NOT using excel A firm with a tax rate of 35% has $1,000 par value bonds outstanding with an
please show how to solve this NOT using excel 
A firm with a tax rate of 35% has $1,000 par value bonds outstanding with an annual coupon rate of 7%,15 years remaining to maturity and which are currently selling for $1,050. What would be the approximate (a) before-tax and (b) after-tax cost of debt for this firm? [ ] Step by Step Solution
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
