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Triple Inc. issued a 3 0 - year corporate bond exactly 5 years ago. The bond pays a 9 % coupon rate and had at

Triple Inc. issued a $30 -$ year corporate bond exactly $5$ years ago. The bond pays a $9 %$ coupon rate and had at time of issuance a YTM of $6.1 % .$ Today the yield to maturity $($ YTM $)$ of this bond is $8 % .$ The company tax rate is $40 % .$ What is the after $-$ tax cost of debt?

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Triple Inc. issued a 3 0 - year corporate bond exactly 5 years ago. The bond pays a 9 % coupon rate and had at

Triple Inc. issued a 30-year corporate bond exactly 5 years ago. The bond pays a 9% coupon rate and had at time of issuance a YTM of 6.1%. Today the yield to maturity (YTM) of this bond is 8%. The company tax rate is 40%. What is the after-tax cost of debt?

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Triple Inc. issued a $30 -$ year corporate bond exactly $5$ years ago. The bond pays a $9 %$ coupon rate and had at time of issuance a YTM of $6.1 % .$ Today the yield to maturity $($ YTM $)$ of this bond is $8 % .$ The company tax rate is $40 % .$ What is the after $-$ tax cost of debt?