Problem 12-2 eBook Question 5 of 25 Check My Work (10 remaining) Husky Enterprises recently sold...

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Problem 12-2 eBook Question 5 of 25 Check My Work (10 remaining) Husky Enterprises recently sold an issue of 12-year maturity bonds. The bonds were sold at a deep discount price of $565 each. After flotation costs, Husky received $545.68 each. The bonds have a $1,000 maturity value and pay $40 interest at the end of each year. Compute the after-tax cost of debt for these bonds if Husky's marginal tax rate is 40 percent. Use Table II and Table IV to answer the question. Round your answer to one decimal place. % Icon Key Check My Work (10 remaining) Problem 12-2 eBook Question 5 of 25 Check My Work (10 remaining) Husky Enterprises recently sold an issue of 12-year maturity bonds. The bonds were sold at a deep discount price of $565 each. After flotation costs, Husky received $545.68 each. The bonds have a $1,000 maturity value and pay $40 interest at the end of each year. Compute the after-tax cost of debt for these bonds if Husky's marginal tax rate is 40 percent. Use Table II and Table IV to answer the question. Round your answer to one decimal place. % Icon Key Check My Work (10 remaining)