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Question 20 Not yet answered Points out of 1.00 P Flag question CSUSM has bonds outstanding that mature in 14 years, pay interest annually, and
Question 20 Not yet answered Points out of 1.00 P Flag question CSUSM has bonds outstanding that mature in 14 years, pay interest annually, and have a coupon rate of 8.5 percent. These bonds have a face value of $1,000 and a current market price of $1,050. What is the company's aftertax cost of debt if its tax rate is 21 percent? Select one: o a. 5.39 percent b. 6.24 percent c. 5.76 percent d. 6.52 percent e. 5.57 percent
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