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BHG's bonds have a credit rating of BB, and the credit spread over 10-year Treasuries for BB debt is 4.2%. What is BHG's after-tax cost

BHG's bonds have a credit rating of BB, and the credit spread over 10-year Treasuries for BB debt is 4.2%. What is BHG's after-tax cost of debt if the current 10-year Treasury rate is 5.5% and BHG's tax rate is 27%? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 4.55%, enter .0455.

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