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Target has a $13,000,000 bond issue outstanding with a coupon rate of 7.15% and a YTM of 7.39%. What is the PV of the tax

Target has a $13,000,000 bond issue outstanding with a coupon rate of 7.15% and a YTM of 7.39%. What is the PV of the tax shield if Target corporate tax rate is 34%?

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