Explain the percentage round two decimal places


A bond that has a $1000 par value and a contract or coupon interest rate of 11.3%. The bonds have a current market value of $1122 and will mature in 10years. The firms marginal tax rate is 34%. The cost of capital from his bond debt is the answer needs to ne on percentage round two decimal places?

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Finance Basics: Explain the percentage round two decimal places
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