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please show steps ABC Inc's semi - annual bonds have a price of $ 7 2 0 , an 9 . 9 0 % coupon

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ABC Inc's semi-annual bonds have a price of $720, an 9.90% coupon rate and mature in 12 years. The company's tax rate is 41%. What is its after-tax cost of debt when calculating its WACC?
a.
8.85%
b.
4.42%
c.
15.00%
d.
9.90%
e.
5.84%

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