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How do you calculate before-tax cost of debt and after-tax cost of debt? A company has two issues of debt outstanding. One is a 6%

How do you calculate before-tax cost of debt and after-tax cost of debt?

A company has two issues of debt outstanding. One is a 6% coupon with face value of $23 million, 10 year maturity, and 7% yield to maturity. The other bond has a 15 year maturity, coupon rate 7%, face value $28 million, and sells for 95% par value. The coupons are paid annually. The firm's tax rate is 40%.

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