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USA Manufacturing issued 30 -year, 7.2 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face value. What is the
USA Manufacturing issued 30 -year, 7.2 percent semiannual bonds 6 years ago. 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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