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USA Manufacturing has 24-year semiannual bonds with a coupon rate of 7.2 percent. The bonds currently sell at 101 percent of face value. What is

USA Manufacturing has 24-year semiannual bonds with a coupon rate of 7.2 percent. The bonds currently sell at 101 percent of face value. What is the firm's aftertax cost of debt if the tax rate is 21 percent?

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