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4 points A firm's bonds have a credit rating of BBB, and the credit spread over 10 -year Treasuries for BBB debt is 5.2%. If
4 points A firm's bonds have a credit rating of BBB, and the credit spread over 10 -year Treasuries for BBB debt is 5.2%. If the current 10 -year Treasury rate is 4.4%, what is the firm's tax cost of debt? Enter your answer as a percentage and show two decimal places. For example, if your answer is .1555\%, enter 15.55. Type your
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