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What is the after-tax cost of debt for a firm with 4% bonds priced at 93% of par with 23 years to maturity and semi-annual
What is the after-tax cost of debt for a firm with 4% bonds priced at 93% of par with 23 years to maturity and semi-annual coupons?
a) 0.057
b)0.063
c)0.051
d)0.069
e)0.045
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