Question: Draw 4/18/2021 Solve problem Problem 9 You have until 10:58 PM to complete this assignment Intro Lugget Corp. has one bond issue outstanding with an

Draw 4/18/2021 Solve problem Problem 9 You have until 10:58 PM

Draw 4/18/2021 Solve problem Problem 9 You have until 10:58 PM to complete this assignment Intro Lugget Corp. has one bond issue outstanding with an annual coupon of 3.5%, a face value of $1,000 and a price of $1,042.65, which matures in 10 years. The company's tax rate is 33%. Attempt 1/1 for 10 pts Part 1 What is Lugget's pre-tax cost of debt? 3+ decimals Save Attempt 1/1 for 10 pts. Part 2 What is the company's after-tax cost of debt? 3+ decimals Save C

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