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Mathematics, 01.11.2019 03:31 angelalovelis
Ll incorporated’s currently outstanding 7 percent coupon bonds have a yield to maturity of 6 percent. ll believes it could sell new bonds that would provide a similar yield to maturity. if its marginal tax rate is 30 percent, what is ll’s after-tax cost of debt? express your answer in percentage (without the % sign) and round it to two decimal places.
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Ll incorporated’s currently outstanding 7 percent coupon bonds have a yield to maturity of 6 percent...
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