What is temples after-tax cost of debt on the, Financial Management

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What is temples after-tax cost of debt on the

Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 7.6 percent annual interest and matures in 15 years. Investors are willing to pay $955 or the bond and Temple faces a tax rate of 33 percent. What is Temple's after-tax cost of debt on the bond?

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