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Problem 5 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

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Problem 5 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 $1,161.69, which matures in 10 years. The company's tax rate is 31%. 18 Attempt 1/5 for 5 pts. Part 1 What is Lugget's pre-tax cost of debt? 4+ decimals Submit IB - Attempt 1/5 for 5 pts. Part 2 What is the company's after-tax cost of debt? 4+ decimals Submit

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