Question: A 4.5% bond with 6 months remaining until maturity is currently trading at $1,006. Assume semi-annual coupon payments. The firm's tax rate is 22%. The
A 4.5% bond with 6 months remaining until maturity is currently trading at $1,006. Assume semi-annual coupon payments. The firm's tax rate is 22%. The after-tax cost of debt is %. Margin of error for correct responses: +/- .05 (%). Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.34567%, you should enter 12.35)
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