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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. 10.0 % 34 % %
b. 15.6 % 40 % %
c. 8.4 % 25 % %

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