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Submit Galvatron Metals has a bond outstanding with a coupon rate of 67 percent and semiannual payments. The bond currently sells for $1863 and matures

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Submit Galvatron Metals has a bond outstanding with a coupon rate of 67 percent and semiannual payments. The bond currently sells for $1863 and matures in 21 years. The par value is $2.000 and the company's tax rate is 21 percent. What is the company's aftertax cost of debt? Multiple Choice

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