Question: The June Bug has a bond issue outstanding with a $550,000,000 par value. The bond issue pays a 7 percent coupon on par (in semi-annual

The June Bug has a bond issue outstanding with a $550,000,000

The June Bug has a bond issue outstanding with a $550,000,000 par value. The bond issue pays a 7 percent coupon on par (in semi-annual installments) in perpetuity. The bond issue has a current market price equal to 107.00 percent of par value. The tax rate is 36.00 percent. What is the amount of the after-tax annual interest payment made by the firm? Don't include the $ sign in your answer. Numeric Response aok ant cences

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