Question: Question 2: Problem 11.LO2.5 (similar to) Question Help Settings Tiny Tots has debt outstanding, currently selling for $830 per bond. It matures in 18 years,

Question 2: Problem 11.LO2.5 (similar to) Question Help Settings Tiny Tots

Question 2: Problem 11.LO2.5 (similar to) Question Help Settings Tiny Tots has debt outstanding, currently selling for $830 per bond. It matures in 18 years, pays interest annually, and has a 13% coupon rate. Par is $1,000, and the firm's tax rate is 20%. What is the after-tax cost of debt? The after-tax cost of debt for Tiny Tots is %. (Round to two decimal places.)

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