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Tester,Inc.has a 500000 bond issue outstanding.These bonds have a 6.75 percent coupon,pay interest semiannually,and have a current market price equal to 104 percent of face

Tester,Inc.has a 500000 bond issue outstanding.These bonds have a 6.75 percent coupon,pay interest semiannually,and have a current market price equal to 104 percent of face value.The tax rate is 30 percent.What is the amount of the total annual interest tax shield for the firm

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