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Question 13 (7 points) Phil's Carvings, Inc. has a bond with a face value of $1,000. The band has 10% coupon with annual payments, a

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Question 13 (7 points) Phil's Carvings, Inc. has a bond with a face value of $1,000. The band has 10% coupon with annual payments, a current maturity of 12 years, and sell fox 108% af face value. The company's 20%. What is the firm's after tax cost of debt? 07.12% 8.90% 4.45% 08.78% 3.56%

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