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The holmes company's currently outstanding bonds have a 9% coupon and a 12% yield to maturity. holmes believes it could issue new bonds at par that would provide a similar yield to maturity. if its marginal tax rate is 40%, what is holmes' after-tax cost of debt? round your answer to two decimal places.
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The holmes company's currently outstanding bonds have a 9% coupon and a 12% yield to maturity. holme...
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