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Q1: Galvatron Metals has a bond outstanding with a coupon rate of 6.4 percent and semiannual payments. The bond currently sells for $950 and matures

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Q1: Galvatron Metals has a bond outstanding with a coupon rate of 6.4 percent and semiannual payments. The bond currently sells for $950 and matures in 24 years. The par value is $1,000 and the company's tax rate is 24 percent. What is the company's aftertax cost of debt? (1.2 pts)

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