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Olympic sponts has two is sues of dest out standing. Ore is a 6% coupon bond w a face value of $35 million, a maturity

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Olympic sponts has two is sues of dest out standing. Ore is a 6% coupon bond w a face value of $35 million, a maturity of 10 yrs 5, and a yeild to mat urity annually. The other bond issue nas a maturity of isyrs. with coupons also paid annucully, and a coupon value of the issue is \$40 million, and the issue sells for 94% of par is tax rate is 40% a. What is the be fure tox cost of debt? \% b. What is the after-taxcost of debt? a 6. do not rourd internedidute calc - round 2 dec places

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