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Two yeasr ago Wally's World issued a 30-year, 4 % semiannual coupon bond. The bond currently sells for 107 % of its face value. Wally's

Two yeasr ago Wally's World issued a 30-year, 4 % semiannual coupon bond. The bond currently sells for 107 % of its face value. Wally's World company tax rate is 21%.

What is the pre-tax cost of debt? and post-tax cost of debt?

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