What is amount of annual interest tax shield

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Reference no: EM132053520

Bertha's Boutique has 2206 bonds outstanding with a face value of $1,000 each and a coupon rate of 7%. The interest is paid semi-annually. What is the amount of the annual interest tax shield if the tax rate is 33%? (Round answer to 0 decimal places, do not round intermediate calculations)

Reference no: EM132053520

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