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USA Manufacturing issued 30-year, 7.5% semiannual bonds 6 years ago. The bonds currently sell at 101% of face value. What is the firm's after-tax

USA Manufacturing issued 30-year, 7.5% semiannual bonds 6 years ago. The bonds currently sell at 101% of face value. What is the firm's after-tax cost of debt if the tax rate is 35%? 

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Answer After-tax cost of debt  = Before tax cost of... View the full answer

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