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The Coetzer Company can issue $1000 par value bonds with a 15-year maturity and 12.00 percent annual coupon for $1050.00. The tax rate is 40

The Coetzer Company can issue $1000 par value bonds with a 15-year maturity and 12.00 percent annual coupon for $1050.00. The tax rate is 40 percent. Coetzer's after-tax cost of debt is

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