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ETA SSCo 19 C DPS-Prod-1.6.14 My Photos Help Save & Exit Olympic Sports has two issues of debt outstanding. One is a 6% coupon bond

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ETA SSCo 19 C DPS-Prod-1.6.14 My Photos Help Save & Exit Olympic Sports has two issues of debt outstanding. One is a 6% coupon bond with a face value of $39 milion, a maturity of 10 years. and a yield to maturity of 7% The coupons are paid annually The other bond issue has a maturity of 15 years, with coupons also paid annually, and a coupon rate of 7% The face value of the issue is $44 million, and the issue sells for 90% of par value. The firm's tax rate is 35%. o. What is the before-tax cost of debt for Olympic? (Do not round to 2 decimal places.) calculations. Enter your answer as a percent rounded b. What is Olympic's after-tax cost of debt? (Do not round decimal places.) colculations. Enter your answer as a percent rounded to 2 Next>

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