Question: Blossom has determined that it could issue $1000 face value bonds with an 8 percent coupon paid semiannually and a 5-year maturity at $861.34 per

Blossom has determined that it could issue $1000 face value bonds with an 8 percent coupon paid semiannually and a 5-year maturity at $861.34 per bond. If Blossoms marginal tax rate is 36 percent, its after-tax cost of debt is closest to

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