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Decline Inc. is trying to determine its cost of debt. The firm has a debt...

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Finance

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Decline Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 13 years to maturity and the current market price is $1052. The issue makes semiannual payments and has a coupon rate of 6 percent What is the after-tax cost of debt if the tax rate is 21 percent? 4.17 percent 4.92 percent 5.43 percent 5.58 percent 4.30 percent

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