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Proton Corp. has bonds outstanding that have a coupon rate of 8% and a yield to maturity (YTM) of 6.5%. Proton has a marginal tax

Proton Corp. has bonds outstanding that have a coupon rate of 8% and a yield to maturity (YTM) of 6.5%. Proton has a marginal tax rate of 40 percent. What is the after-tax cost of debt for Proton?

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