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Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3% and a yield to maturity of

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Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3% and a yield to maturity of 4.7%. Simple Corp.'s average tax rate is 18% and its marginal tax rate is 32%. Part 2 Attempt 1/10 for 10pts. What is the after-tax cost of debt

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