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Suppose ABE Co. issued a 25-year, 10 percent coupon rate bond four years ago. The bond is currently selling for $1470.56. The bond has $1,000

Suppose ABE Co. issued a 25-year, 10 percent coupon rate bond four years ago. The bond is currently selling for $1470.56. The bond has $1,000 face value and pays interests annually. If ABEs tax rate is 40 percent, what is the firms after tax cost of debt?

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