Question: Please answer correctly and I WILL upvote, thanks! 23. Liberty Corporation has semiannual bonds outstanding with twelve years to maturity and face value of $1,000.

Please answer correctly and I WILL upvote, thanks!

23. Liberty Corporation has semiannual bonds outstanding with twelve years to maturity and face value of $1,000. The bonds have a coupon rate of 7.25 percent and are currently priced at $754.08. What is the after-tax cost of debt for Liberty if its marginal tax rate is 24 percent

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