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You are analyzing the cost of debt for a firm. You know that the firm's 1 4 - year maturity, 6 . 6 percent coupon

You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 6.6 percent coupon bonds are selling at a price of $826.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding, answer the following questions.
What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g.1.2514 and final answer to O decimal places, e.g.15%.)
Current YTM for the bonds------%
What is the after-tax cost of debt for this firm if it is subject to 30 percent marginal and average tax rates? (Round final answer to 2 decimal places, e.g.15.25%.)
After-tax cost of debt------%

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