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The outstanding bonds of Tech Express have a face value of $1,000 and mature in 10 years. They are currently priced at $989. These bonds

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The outstanding bonds of Tech Express have a face value of $1,000 and mature in 10 years. They are currently priced at $989. These bonds have a 6 percent coupon and pay interest annually. Ten-year Treasury bonds are currently yielding 3.9 percent. If the firm's tax rate is 27 percent, what is the firm's after-tax cost of debt

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