The coupon rate on an issue of debt is 11 the yield to
Question: The coupon rate on an issue of debt is 11%. The yield to maturity on this issue is 12%. The corporate tax rate is 31%. What would be the approximate after-tax cost of debt for a new issue of bonds? (Round your answer to 2 decimal places.)
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question the coupon rate on an issue of debt is 11 the yield to maturity on this issue is 12 the corporate tax rate is
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