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Score: 0 of 1 pt 3 of 6 (1 complete) HW Score: 9.09%, 1 of 11 pts P14-9 (similar to) Question Help (Cont of debt)

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Score: 0 of 1 pt 3 of 6 (1 complete) HW Score: 9.09%, 1 of 11 pts P14-9 (similar to) Question Help (Cont of debt) Temples Midland, Inc es issuing a $1.000 per value bond that pays 73 percent annual interest and matures in 15 years investors are willing to pay 5048 for the bond and Temple faces a tax rate of 27 percent What is Templo's after-tax cost of debt on the bond? The atter tax cost of dubtis (Round to two decimal places) If

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