Question: Q1 5 pts Question 1 A 4.1% bond with 6 months remaining until maturity is currently trading at $1,006. Assume semi-annual coupon payments. The firm's
Q1
5 pts Question 1 A 4.1% bond with 6 months remaining until maturity is currently trading at $1,006. Assume semi-annual coupon payments. The firm's tax rate is 23%. The after-tax cost of debt is _%. Margin of error for correct responses: +/- .05(%). Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your "final response to 2 decimal places (example: if your answer is 12.34567%, you should enter 12.35)
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