The market price of a bond is $1,262.35, it has 14 years to maturity, a...
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The market price of a bond is $1,262.35, it has 14 years to maturity, a $1,000 face value, and pays an annual coupon of $100. What is the before-tax cost of the bond? And the after-tax cost of the bond if the corporate tax rate is 21%?
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