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The Christopher Co issued 8%, semi-annual coupon bonds with 6 years to maturity. Each bond is currently selling for $890. H the firstax rate is

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The Christopher Co issued 8%, semi-annual coupon bonds with 6 years to maturity. Each bond is currently selling for $890. H the firstax rate is 35%, what would be the after-tax cost of issuing new debt? (Round your answer to one tenth of a percent.) 6.84% 3.70N 5.20 10.5

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