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Briefly discuss the order of operations.
Coupon
The interest rate paid by a bond, typically expressed as a percentage of the bond's face value.
Unlevered Cost
It involves the cost of funding a project or investment without any debt, reflecting the cost of capital that is equity financed.
Coupon
The yearly interest percentage paid on a bond, relative to its face value.
Tax Rate
The slice of income required as tax from businesses or individuals.
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