Question: Sandhill has determined that it could issue $1,000 face value bonds with an 9 percent coupon paid semiannually and a five-year maturity at $900 per

Sandhill has determined that it could issue $1,000 face value bonds with an 9 percent coupon paid semiannually and a five-year maturity at $900 per bond. If Sandhill's marginal tax rate is 30 percent, its after-tax cost of debt is closest to: O 8.2 percent. O 8.6 percent. O 8.0 percent. O 8.4 percent

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