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Turkey Co. offers a 5-year bond with a 9 percent semi-annual coupon. The bond currently sells for $919. Their current tax rate is 30%. What

Turkey Co. offers a 5-year bond with a 9 percent semi-annual coupon. The bond currently sells for $919. Their current tax rate is 30%. What is the firm's After-Tax Cost of Debt?

a. 11.16%

b. 9.39%

c. 11.20%

d. 5.58%

e. 7.81%

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