The outstanding bonds of Dane Corp. have ten years to maturity, 6.50% coupon rate, annual coupon, and a price of $93 per $ 100 face value. What is the estimate of the pretax cost of debt if the tax rate is 30%?

The outstanding bonds of Dane Corp. have ten years to maturity, 6.50% coupon rate, annual coupon, and a price of $93 per $100 face value. What is the estimate of the pretax cost of debt if the tax rate is 30%? 5.269 6.6096 52