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Problem 11 Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 4% and a yield to

Problem 11 Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 4% and a yield to maturity of 5.4%. Simple Corp.'s average tax rate is 18% and its marginal tax rate is 32%. Part 1 18 Attempt 1/5 for 2 pts. 2 What is the (pre-tax) cost of debt? | $+ decimals Submit

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