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Calculate the aftertax cost of debt under each of the following conditions. (Do not round intermediate calculations. Input your answers as a percent rounded to

Calculate the aftertax cost of debt under each of the following conditions. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

	Yield		Corporate Tax Rate		Aftertax Cost of Debt
a.	7.0	%	13	%		%
b.	8.0	%	35	%		%
c.	8.0	%	23	%		%

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