Rockingham motors issued a 30-year 8 percent semiannual, Finance Basics

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Rockingham motors issued a 30-year 8 percent semiannual

Question: Rockingham Motors issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 34 percent. What is the aftertax cost of debt? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Rockingham motors issued a 30-year 8 percent semiannual

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Finance Basics: Rockingham motors issued a 30-year 8 percent semiannual

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