Question: Please let me know if you can answer within the hour? Electronic Products has 49,000 bonds outstanding that are currently quoted at 103.7. The bonds

Please let me know if you can answer within the hour?

Electronic Products has 49,000 bonds outstanding that are currently quoted at 103.7. The bonds mature in 10 years and carry a 8.5 percent annual coupon. What is the firm's aftertax cost of debt if the applicable tax rate is 22 percent? Aftertax cost of debt = %

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