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USA Manufacturing issued 30-year, 7.5% semiannual bonds 6 years ago. The bonds currently sell at 101% of face value. What is the firm's after-tax cost
USA Manufacturing issued 30-year, 7.5% semiannual bonds 6 years ago. The bonds currently sell at 101% of face value. What is the firm's after-tax cost of debt if the tax rate is 35%?
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