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The firm's bonds have six years until maturity, a $1,000 par value, and pay interest semiannually. The bonds have a 9% coupon rate and are

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The firm's bonds have six years until maturity, a $1,000 par value, and pay interest semiannually. The bonds have a 9% coupon rate and are currently trading at $995 per bond. The firm is in the 30% tax bracket. What is the firm's after-tax cost of debt

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