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Use Table 5 to determine the annual after-tax cost of debt. Table 5 Variable Number Face Value $1,000 coupon 8% Frequency Semi-Annual Maturity 5 year

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Use Table 5 to determine the annual after-tax cost of debt. Table 5 Variable Number Face Value $1,000 coupon 8% Frequency Semi-Annual Maturity 5 year Price $900 tax 35% Select one: a. 6.94% b. 6.91% c. 5.31% d. 10.63% What is the market value of debt? Stock Info Shares Outstanding Stock Price beta risk free rate Market Return Book Value Table 6 Amount 100 $10 1.2 3% 9% $900 Bond Info Face value Coupon Price IN Payments | Amount $1,000 6% $865.00 10 Annual 0.35 Select one: a. $865 b. $1,271 C. $1,000 d. $754

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