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Temple - Midland, Inc. is issuing a $ 1 , 0 0 0 par value bond that pays 8 percent annual interest and matures in
TempleMidland, Inc. is issuing a $ par value bond that pays percent annual interest and matures in years. Investors are willing to pay $ for the bond and Temple faces a tax rate of percent. What is Temple's aftertax cost of debt on the bond?
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