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Scherr Enterprises has a series of 9 percent coupon bonds outstanding with a $1,000 par value. Scherrs marginal tax rate is 40 percent. What is
- Scherr Enterprises has a series of 9 percent coupon bonds outstanding with a $1,000 par value. Scherrs marginal tax rate is 40 percent. What is the marginal after-tax cost of debt for Scherr?
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