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The Herman Group is going to issue a twenty-year 8% annual coupon bond making semi-annual coupon payments. The bond will be priced at $907.99 per

The Herman Group is going to issue a twenty-year 8% annual coupon bond making semi-annual coupon payments. The bond will be priced at $907.99 per If the firms tax rate is 39%, what is their after-tax cost of debt as a percent to two places.

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