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Need answer. Urgent! Thank you in advanced! The coupon rate on a debt issue is 6%. If the yield to maturity on the debt is

Need answer. Urgent! Thank you in advanced!
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The coupon rate on a debt issue is 6%. If the yield to maturity on the debt is 11%, what is the after-tax cost of debt in the weighted average cost of capital if the firm's tax rate is 31% ? Note: Round your answer to 2 decimal places. Multiple Choice 6.24% 8.94% 7596 974x

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