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LLIncorporatedscurrentlyoutstanding11%couponbondshaveayieldtomaturityof8%.LLbelievesitcouldissuenewbondsatparthatwouldprovideasimilaryieldtomaturity.Ifitsmarginaltaxrateis35%,whatisLLsafter-taxcostofdebt?

LLIncorporatedscurrentlyoutstanding11%couponbondshaveayieldtomaturityof8%.LLbelievesitcouldissuenewbondsatparthatwouldprovideasimilaryieldtomaturity.Ifitsmarginaltaxrateis35%,whatisLLsafter-taxcostofdebt?

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