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SO. MIKE Security Company can issue new bonds with a market interest rate of 14 percent. Jules' marginal tax rate is 32 percent. the after-tax

SO. MIKE Security Company can issue new bonds with a market interest rate of 14 percent. Jules' marginal tax rate is 32 percent. the after-tax cost of debt. A kd, for this company, O 95% Oh. 79 d

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