Global products plans to issue long term bonds to raise financial growth. he company has eisting bonds outstanding that are similar to the new ones its going to issue. Existing bonds have a fce value of $1000.00 to mature in 10 years, pay $60.00 interest annually and are currently selling for $1077.00 Global's marginal tax rate is 40%. What should be the coupon rate on the new bond issue and the after tax cost of debt?