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Question 22 1 pts Tarpon Foods, Inc. sold a $1,000 par value, non-callable bond several years ago that now has 10 years to maturity and

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Question 22 1 pts Tarpon Foods, Inc. sold a $1,000 par value, non-callable bond several years ago that now has 10 years to maturity and a 8.00% annual coupon that is paid semi-annually. The bond currently sells for $980 and the company's tax rate is 40%. What is the after-tax cost of debt for use in the WACC calculation? 5.50% 4.98% 0 4.75% 5.83% Next

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