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cost of debt

Saved Help Save & Exit Cote Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond 1 Coupon Rate 7.00 % 8.50 Price Quote 103. 30 110,62 2 Maturity 5 years 8 years 15.5 years 25 years Face Value $ 45,000,000 40. 000.000 8. 20 7.80 4 109.97 102.87 50,000,000 65,000,000 If the corporate tax rate is 34%, what is the after-tax cost of the company's debt? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Cost of debt % tstanding, each making semiannual interest payments. The bonds are listed in the following Bond 1 Coupon Rate 7.00% 8.50 Price Quote 103.30 110.62 2 3 Maturity 5 years 8 years 15.5 years 25 years 8. 20 7.80 4 Face Value $ 45,000,000 40,000,000 50,000,000 65,000,000 109.97 102.87 If the corporate tax rate is 34%, what is the after-tax cost of the company's debt? (Do not round intermediate calculations. Round the Final answer to 2 decimal places.) Cost of debt Prey 4 of 5 Next