Question: Tiny Tots has debt outstanding, currently selling for $900 per bond. It matures in 20 years, pays interestannually, and has a 11% coupon rate. Par

Tiny Tots has debt outstanding, currently selling for $900 per bond. It matures in 20 years, pays interestannually, and has a 11% coupon rate. Par is $1,000, and the firm's tax rate is 38%. What is the after-tax cost of debt? O 9.5896 8.95% 07.67% O 8.25% Slow Mo Delivery has outstanding debt currently selling for $910. It matures in 8 years, pays interest semi-annually, and has a 13% coupon payment. If par is $1,000 and the tax rate is 20%, what is the after-tax cost of debt? After-tax cost of debt = 104 X 5 (Round your answer to two decimal places)

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