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MC algo 14-9 Aftertax Cost Of Debt Mojo Mining has a bond outstanding that sells for $1,055 and matures in 23 years. The bond pays

MC algo 14-9 Aftertax Cost Of Debt Mojo Mining has a bond outstanding that sells for $1,055 and matures in 23 years. The bond pays semiannual coupons and has a coupon rate of 5.94 percent. The par value is $1,000. If the company's tax rate is 40 percent, what is the aftertax cost of debt

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