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LL Incorporated's currently outstanding 10% coupon bonds have a yield to maturity of 9%. LL believes it could issue new bonds at par that would

LL Incorporated's currently outstanding 10% coupon bonds have a yield to maturity of 9%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 40%, what is LL's after-tax cost of debt? Round your answer to two decimal places.

%

After-Tax Cost of Debt LL Incorporated's currently outstanding 10% coupon bonds have a yield to maturity of 94. LL believes it could issue new bonds at par that would provide a o similar yield to maturity. If its marginal tax rate is 10%, what is lL's after-tax cost of debt? Round your answer to two decimal places G. 7

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