The outstanding bonds of tech express are priced at 989 and, Financial Management

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The outstanding bonds of tech express are priced at 989 and

The outstanding bonds of Tech Express are priced at $989 and mature in 10 years. These bonds have a face value of $1,000, a coupon rate of 6 percent, and pay interest annually. The firm's tax rate is 35 percent. What is the firm's aftertax cost of debt?

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Financial Management: The outstanding bonds of tech express are priced at 989 and

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