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which is correct? The coupon rate on an issue of debt is 9%. The yield to maturity on this issue is 10%. The corporate tax

which is correct?
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The coupon rate on an issue of debt is 9%. The yield to maturity on this issue is 10%. The corporate tax rate is 34%. What would be the approximate after-tax cost of debt for a new issue of bonds? Note: Round your answer to 2 decimal places. 5.25% 8.75% 6.60% 8.05%

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