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problem 10.01 after tax cost of debt 1. Problem 10.01 (After-Tax Cost of Debt) Book The Holmes Company's currently outstanding bonds have a coupon and

problem 10.01 after tax cost of debt
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1. Problem 10.01 (After-Tax Cost of Debt) Book The Holmes Company's currently outstanding bonds have a coupon and a 12 yield to maturity. Holmes believes it could ime new bonds et par that would provide a similar Vield to maturity. If its marginal tax rate is 15%, what is Holmes after tax cost of debt? Round your answer to two decimal places

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