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Problem 19 You have until 3:05 PM to complete this assignment. Intro Lugget Corp. has one bond issue outstanding with an annual coupon of 3.8%,

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Problem 19 You have until 3:05 PM to complete this assignment. Intro Lugget Corp. has one bond issue outstanding with an annual coupon of 3.8%, a face value of $1,000 and a price of $1,068.24, which matures in 10 years. The company's tax rate is 27%. Attempt 1/3 for 10 pts. Part 1 What is the company's after-tax cost of debt? 4+ decimals Submit

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