Question: Problem 11 Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3.6% and a yield to

Problem 11 Intro Simple Corp. has one bond issue oustanding, with

Problem 11 Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3.6% and a yield to maturity of 6%. Simple Corp.'s average tax rate is 18% and its marginal tax rate is 29%. BAttempt 1/5 for 5 pts. Part 1 What is the (pre-tax) cost of debt? 3+ decimals Submit Part 2 Attempt 1/5 for 5 pts. What is the after-tax cost of debt? 4+ decimals Submit

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