Problem 12-2 Question 5 of 25 Check My Work (7 remaining) eBook Husky Enterprises recently sold an issue of 10-year maturity bonds. The bonds were sold at a deep discount price of $545 each. After flotation costs, Husky received $530.80 each. The bonds have a $1,000 maturity value and pay $50 interest at the end of each year. Compute the after-tax cost of debt for these bonds if Husky's marginal tax rate is 40 percent. Use Table II and Table IV to answer the question. Round your answer to one decimal place. 12.66 % Hide Feedback Incorrect Icon Key Problem 12-2 B Check My Work (7 remaining) 4 Question 5 of 25