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Rover's Dog Care has outstanding debt currently selling for $840 per bond. It matures in 15 years, pays interest semiannually, and has a coupon rate

Rover's Dog Care has outstanding debt currently selling for $840 per bond. It matures in 15 years, pays interest semiannually, and has a coupon rate of 7%. If par is $1,000 and the tax rate is 30%, what is the after-tax cost of debt?

The after-tax cost of debt for Rover's Dog Care is %

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