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Calculate the aftertax cost of debt under each of the following conditions. (Round your answers to 2 decimal places. Omit the % sign in your

Calculate the aftertax cost of debt under each of the following conditions. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)

Yield Corporate tax rate Cost of debt
a. 11.0 % 17 % %
b. 10.0 25
c. 12.0 23

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