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A company has outstanding 20-year noncallable bonds with a face value of $1,000, an 11%...

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A company has outstanding 20-year noncallable bonds with a face value of $1,000, an 11% annual coupon, and a market price of $1,294.54. If the companya??s tax rate is 40%, what is its after-tax cost of debt? 2. A. 6.4% O B. 8.49% C. 4.8% D. 8% Submit

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