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Calculate the aftertax cost of debt under each of the following conditions. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Calculate the aftertax cost of debt under each of the following conditions. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Yield Corporate tax rate Cost of debt a 10.0 % 26 % % b 16.0 % 40 % % c 13.5 % 46 % %

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