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Martin and Sons is issuing a $1000 par value bond with an 8% semi-annual interest coupon rate and that matures in 11 years.Investors are willing to pay $972 for these bonds.Martin is in the 34% tax bracket.What will be the after-tax cost of debt of the bond?
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The component of a substance or material that is derived from living organisms and contains carbon.
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Specialized aerial roots typically found in mangrove species that allow gas exchange in waterlogged conditions.
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Roots that grow above the ground and are typically seen in plants living in swampy or moist environments, facilitating respiration and support.
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