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what is the current price of the bonds if the coupon rate on those bonds is 30%? You know that the after-tax cost of debt

what is the current price of the bonds if the coupon rate on those bonds is 30%? image text in transcribed

You know that the after-tax cost of debt capital for Cullumber is 21.0 percent. Assume that the firm has only one issue of five-year bonds outstanding. The bonds make semiannual coupon payments and the marginal tax rate is 30 percent

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