Score. U of ipt 7 of 26 (0 completo) P 13-7 (similar to) Laurel, Inc., has debt outstanding with a coupon rate of 6.2% and a yield to maturity of 6.9%. Its tax rate is 35%. What is Laure's effective after tax) cost of debt? NOTE: Assume that the debt has annual coupons and that the firm will always be able to utilize its full interest tax shield The effective after-tax cost of debt is [%. (Round to four decimal places.)