Stinson Corporation's cost of debt financing is 6%. Its tax rate is 30%. Required: Calculate the after-tax

Question:

Stinson Corporation's financing is 6%. Its tax rate is 30%.
Required:
Calculate the after-tax interest rate.
Cost Of Debt
The cost of debt is the effective interest rate a company pays on its debts. It’s the cost of debt, such as bonds and loans, among others. The cost of debt often refers to before-tax cost of debt, which is the company's cost of debt before taking...