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Several years ago the alphabet inc sold a $1,000 par value, the noncallable bond that...

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Finance

Several years ago the alphabet inc sold a $1,000 par value, the noncallable bond that now has 20 years to maturity, and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $975, and the companys tax rate is 25%. What is the after-tax cost of debt in the WACC calculation? Do not round your intermediate calculations.

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