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Problem 11-8 Aftertax cost of debt (LO11-3) Royal Jewelers Inc. has an aftertax cost of debt of 12.25 percent. With a tax rate of 27

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Problem 11-8 Aftertax cost of debt (LO11-3) Royal Jewelers Inc. has an aftertax cost of debt of 12.25 percent. With a tax rate of 27 percent, what can you assume the yield on the debt is? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Yield %

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