The holmes companys currently outstanding bonds have a 9, Finance Basics

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The holmes companys currently outstanding bonds have a 9

Question: The Holmes Company's currently outstanding bonds have a 9% coupon and a 13% yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 35%, what is Holmes's after-tax cost of debt? Round your answer to two decimal places.

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Finance Basics: The holmes companys currently outstanding bonds have a 9

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