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Evaluate the infinite geometric series $0.79 + 0.079 + 0.0079 + 0.00079 + 0.000079 + \dotsb$. Express your answer as a fraction
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A bond that has a $1000 par value (face value) and a contract or coupon interest rate of 11.5. The bonds have a current value of $1125 and will mature in ten years. The firm's marginal tax rate is 34%. The cost of capital from this bond debt is %. ?
