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The firm's tax rate is 25%. The current price of Jana's 12% coupon, semiannual payment, noncallable bonds with 15 years training to maturity is $1,153.72.

The firm's tax rate is 25%. The current price of Jana's 12% coupon, semiannual payment, noncallable bonds with 15 years training to maturity is $1,153.72. There are 70,000 bonds. Jana does not use ...

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