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Assignment Score: 27.27% tions Problem 11-09 (Bond Yield and After Tax Cost of Debt) Save...

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Assignment Score: 27.27% tions Problem 11-09 (Bond Yield and After Tax Cost of Debt) Save Submit Assignment for Grading Question 6 of 11 Check My Work eBook Bond Yield and After-Tax Cost of Debt A company's 8% coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $665.6. The company's federal-plus-state tax rate is 30%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC7 (Hint: Base your answer on the nominal rate.) Round your answer to two decimal places. Check My Work 8:47 PM 03/25/20

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