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View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Cullumber Industries has 8 percent coupon bonds outstanding. These bonds have

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View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Cullumber Industries has 8 percent coupon bonds outstanding. These bonds have a market price of $972.33, pay interest semiannually, and will mature in 6 years. If the tax rate is 35 percent, what are the pre-tax cost and after-tax cost of this debt? (Round answers to 2 decimal places, e.g. 52.75%.) Pre-tax cost 8.60 % After-tax cost 5.59 % e Textbook and Media Save for Later Attempts: 2 of 3 used Submit

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