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Laurel, Inc., has debt outstanding with a coupon rate of 5.9% and a yield to maturity of 6.8%. Its tax rates 38% What is Laurel's

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Laurel, Inc., has debt outstanding with a coupon rate of 5.9% and a yield to maturity of 6.8%. Its tax rates 38% What is Laurel's effective (oferta) cost of debt? NOTE: Assume that the debt has annual coupe Note: Assume that the firm will always be able to utilizes interest tax shield The effective ther-tax cost of debt is % (Round to four decimal places.)

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