Question: Level 3 Technologies has a bond issuance with a current price of $1,16110. The coupon rate is 8.56% and the time to maturity is 10

Level 3 Technologies has a bond issuance with a current price of $1,16110. The coupon rate is 8.56% and the time to maturity is 10 years. Assuming a 23% tax rate, what would be your estimate Level 3's after-tax cost of debt? Multiple Choice 6.36% 4.88% 4.90% 6.34% 1.46%

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