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Several years ago the Jakob Company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00%6 coupon rate. The

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Several years ago the Jakob Company sold a $1,000 par value bond that now has 20 years to maturity and a 7.00%6 coupon rate. The bond pays its coupon annually. The bond currently sells for $950, and the corpany's tax rate is 40%. What is the firm's after-tax cost of debe for use in the WAt:C calculation? 7.49% 4.49% 6.62x 5.93

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