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------ The current market price of a companys 10% coupon irredeemable debentures is 90 per 100 nominal. The company is paying corporation tax at a

------ The current market price of a companys 10% coupon irredeemable debentures is 90 per 100 nominal. The company is paying corporation tax at a rate of 30%.

The current cost of debt per annum is ??

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