Question: Please show work by hand, thanks!: Tangshan Mining is considering issuing long - term debt. The debt would have a 2 0 year maturity and

Please show work by hand, thanks!: Tangshan Mining is considering issuing long-term debt. The debt would have a 20 year maturity and a 15 percent coupon rate and male semiannual coupon payments. In order to sell the issue, bonds must be underpriced at a discountof 5 percent of face value. The firm's tax rate is 40 percent. Given this information, the after tax cost of debt for Tangshan mining would be

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