What is the firms after-tax component cost of debt for, Financial Management

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What is the firms after-tax component cost of debt for

A company's 7% coupon rate, semiannual payment, $1,000 par value bond that matures in 25 years sells at a price of $595.84. The company's federal-plus-state tax rate is 40%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC?

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Financial Management: What is the firms after-tax component cost of debt for

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