Question: tiny tots has debt outstanding, currently selling for $840 per bond. it matures in 16 years, pays interest annually, and has a 7% coupon rate.

tiny tots has debt outstanding, currently selling for $840 per bond. it matures in 16 years, pays interest annually, and has a 7% coupon rate. par is $1000, and the firm's tax rate is 28%. what is the after-tax cost of debt?

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