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Question 25 (1 point) Taylor Swift Corp. issued a 30-year, 8 percent semiannual coupon bond 6 years ago The bond currently sells for 114 percent
Question 25 (1 point) Taylor Swift Corp. issued a 30-year, 8 percent semiannual coupon bond 6 years ago The bond currently sells for 114 percent of its face value. What is the aftertax cost of debt if the company's tax rate is 21 percent? 4.63 percent 4.70 percent 4.75 percent 5.38 percent None of the above
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