What is the after-tax cost of debt for use in the wacc

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The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 30 years to maturity and a 6.00% annual coupon that is paid semiannually. The bond currently sells for $925 and the company's tax rate is 35%. What is the after-tax cost of debt for use in the WACC calculation?

Reference no: EM132058811

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