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vineyard wines corp issued 15 year bonds, three years ago. The bonds have an annual 6.75 percent coupon rate and pay coupons semi annually. Current;y

vineyard wines corp issued 15 year bonds, three years ago. The bonds have an annual 6.75 percent coupon rate and pay coupons semi annually. Current;y these bonds are selling at 97.8 percent of face value resulting on a yield to maturity of 7.024 percent. what is the after tax cost of debt if the tax rate is 42 percent

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