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Question 5 of 9 Check My Work 5 eBook After-Tax Cost of Debt LL Incorporated's currently outstanding 7% coupon bonds have a yield to maturity

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Question 5 of 9 Check My Work 5 eBook After-Tax Cost of Debt LL Incorporated's currently outstanding 7% coupon bonds have a yield to maturity of 4,5%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 25%, what is Ll's after-tax cost of debt? Round your answer to two decimal places. %

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