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The income tax rate is 2 1 % and Stickney bonds have been issued with an 8 % coupon rate and 1 0 years to

The income tax rate is 21% and Stickney bonds have been issued with an 8% coupon rate and 10 years to maturity. What rate would be the rates for newly issued 10-year corporate bonds with the exact same bond rating? *Your answer must be a percentage and go 2 decimal places.

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