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Before and after-tax cost of debt For the following $1,000-par-value bond paying semi-annual interest payments, calculate the before- and after-tax cost of debt. Use

Before and after-tax cost of debt For the following $1,000-par-value bond paying semi-annual interest payments, calculate the before- and after-tax cost of debt. Use the 21% corporate tax rate. Issuer Name CVS Health Corp. Coupon Rate 3.30% Years to Maturity 40 Price $986.25 The before-tax cost of debt for CVS Health Corp. is %. (Round to two decimal places.)

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