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LL Incorporated currently outstanding 10% coupon bomds have a yield to maturity of 7.6%. LL believes it could issue new bonds at par that would

LL Incorporated currently outstanding 10% coupon bomds have a yield to maturity of 7.6%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 25%, what is LL's after tax cost of debt . Round two decials places.

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