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Problem 15 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 15 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 5.9%. Simple Corp's average tax rate is 18% and its marginal tax rate is 33%. IB - Attempt 1/10 for 10 pts. Part 1 What is the (pre-tax) cost of debt? 3+ decimals Submit IB Attempt 1/10 for 10 pts. Part 2 What is the after-tax cost of debt? 4+ decimals Submit

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