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Row's Dog Care has outstanding debt currently selling for $880 per bond. It matures in 15 years, pays interest semiannually and has a coupon rate

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Row's Dog Care has outstanding debt currently selling for $880 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 20% What is the after tax cost of debt? The after tax cost of debt for Rover's Dog Care is % (Round to two decimal places.)

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