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Business, 25.03.2020 06:22 xTrippyBeach4201x

PackMan Corporation has semiannual bonds outstanding with nine years to maturity and the bonds are currently priced at $754.08. The bonds have a $1,000 face value. If the bonds have a coupon rate of 7.25 percent, then what is the after-tax cost of debt for PackMan Corporation if its marginal tax rate is 30 percent

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