Compute the after tax cost of debt given that the firms current yield to maturity on debt is 6% and the debt pays a 4% coupon. Let the current tax rate equal 21.2%. Write your answer as a decimal.

Compute the yield to maturity of a bond that sells for 974 and matures is 1 year. The coupon rate is 10% paid annually and the bonds maturity value is 1000.

Record your answer as a decimal, accurate to 4 places after the decimal.