Chapter $12$: After$-$Tax Cost of Debt

What is the after$-$tax cost of debt?

The yield to maturity on existing bonds is $6\mathrm{.}3\%,$ and the average coupon rate on existing

bonds is $6\mathrm{.}0\%.$ The tax rate is $21\%.$ Hint: if you've forgotten which rate to use for pre$-$tax

debt, see slide $8.$

Note: Enter your number with THREE decimals and without the percentage. That is$,$ if your

answer is $20\mathrm{.}28\%,$ enter $203.$