You are analyzing the after-tax cost of debt for a firm. You know that the firms 12-year maturity, 14.00 percent semiannual coupon bonds are selling at a price of $1,091.99. These bonds are the only debt outstanding for the firm. Yeild To maturity: 12.50

What is the after-tax cost of debt for this firm if it has a marginal tax rate of 34 percent? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

After tax cost of debt: 8.25

What is the current YTM of the bonds and after-tax cost of debt for this firm if the bonds are selling at par? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answers to 2 decimal places, e.g. 15.25%.)

YTM		enter percentages rounded to 2 decimal places %
After-tax cost of debt		enter percentages rounded to 2 decimal places %