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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. 13.0 % 27 % %
b. 5.0 % 30 % %
c. 11.4 % 40 % %

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