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O rents Laurel, Inc., has debt outstanding with a coupon rate of 61% and a yeld to maturity of 68%. Its tax rate is 35%

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O rents Laurel, Inc., has debt outstanding with a coupon rate of 61% and a yeld to maturity of 68%. Its tax rate is 35% Wat is Laurels efective (alter-tax) cost of debt? NOTE: Assume that the debt has a coupons Note Assume that their will always be able to this its full interest tax shield The effective after scout and to four decimen ts

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