Question: For the following $ 1 , 0 0 0 - par - value bond , assuming annual interest payment and a 2 1 % tax

For the following
$1,000-par-value
bond, assuming annual interest payment and a
21%
tax rate, calculate the after-tax cost of
debt.
Life 20 years
Underwriting fee $25
Discount (-) or premium (+)-20
Coupon interest Rate 9%

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