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Home Depot has debt outstanding with a face value of $30 billion. The coupon rate on these bonds is 6.8%. The current yield-to-maturity (YTM) on

Home Depot has debt outstanding with a face value of $30 billion. The coupon rate on these bonds is 6.8%. The current yield-to-maturity (YTM) on these bonds is 8.5%. Home Depot's tax rate is 30%. What is the effective cost of debt of Home Depot?

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