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Zip software sold a 20-year bond issue 2 years ago. The issue has a 6.2% annual coupon and a $1,000 face value. If the current
Zip software sold a 20-year bond issue 2 years ago. The issue has a 6.2% annual coupon and a $1,000 face value. If the current market price per bond is $751.64 and the tax rate is 34%, what is the after-tax cost of debt? (2 years of coupons have already been paid).
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