Temple Midland, Inv. is issuing a $1000 par value bond that pays 7.8% annual interest...
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Temple Midland, Inv. is issuing a $1000 par value bond that pays 7.8% annual interest and matures in 15 years. Investors are willing to pay $949 for the bond in Temple face is a tax rate of 19%. What is temples after-tax cost of that on the bond?
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