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UD issued a 20-year bond 4 years ago; the bond has a $1,000 face value and a 6% coupon rate. If the bond currently sells

UD issued a 20-year bond 4 years ago; the bond has a $1,000 face value and a 6% coupon rate. If the bond currently sells on the market for $744 and the company is in the 25% tax bracket, what is the after-tax cost of debt? SHOW YOUR CALCULATION

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