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Quantitative Problem: 5 years ago, Barton Industries issued 25 -year noncallable, semiannual bonds with a $1,000 face value and a 7% coupon, after-tax cost of

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Quantitative Problem: 5 years ago, Barton Industries issued 25 -year noncallable, semiannual bonds with a $1,000 face value and a 7% coupon, after-tax cost of debt? Do not round intermediate calculations. Round your answer to two decimal places. %

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