Manman corporation has semiannual bonds outstanding with, Financial Management

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Manman corporation has semiannual bonds outstanding with

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

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Financial Management: Manman corporation has semiannual bonds outstanding with

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