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Triple Inc. issued a 10-year corporate bond exactly 4 years ago. The bond pays a 6% coupon rate and had at time of issuance a

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Triple Inc. issued a 10-year corporate bond exactly 4 years ago. The bond pays a 6% coupon rate and had at time of issuance a YTM of 6,1%. Today the yield to maturity (YTM) of this bond is 11%. The company tax rate is 40%. What is the after-tax cost of debt? Enter answer in % denomination with 2 decimals. For example if your result is 0.08578 then enter 8.58 To use TVM formulas excel file, Click here

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