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The Cost of Capital A 10-year, 14% semiannual coupon bond sells for $1,153.72 (par value=$1,000)....

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Finance

The Cost of Capital A 10-year, 14% semiannual coupon bond sells for $1,153.72 (par value=$1,000). The corporate tax rate is 30%. What is the after-tax cost of debt?

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