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Question 21 4 pts A company has outstanding long-term bonds with a face value of $1,000, a 6% coupon, and a 10% yield to maturity.

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Question 21 4 pts A company has outstanding long-term bonds with a face value of $1,000, a 6% coupon, and a 10% yield to maturity. If the company's tax rate is 40%, what would be its after-tax cost of debt? 6.0% 0% 3.6% 10% 40.0%

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