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What is the after-tax cost of debt for a corporation that issued 20 year bonds with an 8 percent annual coupon, paid semi-annually, par value

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What is the after-tax cost of debt for a corporation that issued 20 year bonds with an 8 percent annual coupon, paid semi-annually, par value of $1,000, bond sale price of $970, and $10 issue cost per bond, if the corporation has a marginal tax rate of do? O 2.53 percent 8.42 percent 5.05 percent 4.21 percent

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