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The coupon rate on a debt issue is 9.5%. If the yield to maturity on the debt is 8%, what is the after tax cost

The coupon rate on a debt issue is 9.5%. If the yield to maturity on the debt is 8%, what is the after tax cost of debt (for a cost of capital calculation) if the firm's tax rate is 34%? (Answer with 2 decimal, as a percentage with no percentage sign)

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