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A bound with a 1000 par value sells for 895 the coupon

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Reference no: EM13619719

A bound with a $1000 par value sells for $895. The coupon rate is 7%, the bound maturs in 20 years, and coupon interest is paid semi annually. the tax rate is 35%. What is the aftertax cost of this dept?

Reference no: EM13619719

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