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A semiannual, 6 percent bond matures in 14 years and has a face value of $1,000. The market quote on this bond is 1,027. What is the aftertax cost of debt if the tax rate is 34 percent?

3.55 percent

5.58 percent

3.77 percent

6.16 percent

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M942521

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