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Check My Work (2 remaining) eBook The Holmes Company's currently outstanding bonds have a 10% coupon and a 14 yield to maturity. Holmes believes it

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Check My Work (2 remaining) eBook The Holmes Company's currently outstanding bonds have a 10% coupon and a 14 yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar Vield to maturity. If its marginal tax rate is 25%, what is Holmes' after-tax cost of debe? Round your answer to two decimal places

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