Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years. Question 4 (4 points) Rollins Corp. can issue new 30-year bonds carrying a 22.00 percent coupon, paid semiannually, at par. The floatation cost is 5.00 percent. The firm's combined (federal, state and local) marginal tax rate is 40 percent. The firm's after-tax cost of new debt is: Your Answer: Answer units Previous Page Next Page