Question 1

Question 1 5 pts A 4.1% bond with 6 months remaining until maturity is currently trading at $1,010. Assume semi-annual coupon payments. The firm's tax rate is 25%. 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). Artan 2