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A semiannual, 8 percent bond matures in 14 years and has a face value of $1,000. The market quote on this bond is 1,023. What is the aftertax cost of debt if the tax rate is 32 percent?
Basic Finance, Finance
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Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)?
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