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What is the after tax cost of debt on a 20 year, 10% coupon rate, $1,000 bond, with a $15 issuance cost and a 26%
What is the after tax cost of debt on a 20 year, 10% coupon rate, $1,000 bond, with a $15 issuance cost and a 26% tax rate? Round your answer to two decimal places without symbols ($ %)
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