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and Tiny Tots has debt outstanding currently selling for $910 per bond. It matures in 5 years, pays interest annually, and has a 13% coupon

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and Tiny Tots has debt outstanding currently selling for $910 per bond. It matures in 5 years, pays interest annually, and has a 13% coupon rate. Par is S1 the firm's tax rate is 45%. What is the after-tax cost of debt? The after-tax cost of debt for Tiny Tots is?% (Round to two decimal places.)

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