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Question 2 2 pts Builtrite Fumiture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 15 year maturity, $1000

Question 2 2 pts Builtrite Fumiture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 15 year maturity, $1000 par value, 4 3/8% coupon bonds after flotation costs for $1015. If Builtrite is in the 34% marginal tax bracket, what is the after-tax cost for the bonds? 4.33% 2.86% 4.23% 2.79%

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