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T. Albinoni Inc. issued a 4.15% coupon bond with a $100 face value, and incurred 2.00% of the face value as a transaction cost. The

T. Albinoni Inc. issued a 4.15% coupon bond with a $100 face value, and incurred 2.00% of the face value as a transaction cost. The bonds issue price was $86.34 per share, and its maturity date is September 30, 2030. The firms corporate tax rate is 21%.

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