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Rappaport Industries has 4,750 perpetual bonds outstanding with a face value of $1,000 each. The bonds have a coupon rate shield? of 6.0 percent and

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Rappaport Industries has 4,750 perpetual bonds outstanding with a face value of $1,000 each. The bonds have a coupon rate shield? of 6.0 percent and a yield to maturity of 6.3 percent. The tax rate is 39 percent. What is the present value of the interest tax O $116,708 O $1,852,500 O $111150 O $285,000 O $1,667250

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