Ll incorporateds currently outstanding 9 coupon bonds have, Ask an Expert

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LL Incorporated's currently outstanding 9% coupon bonds have a yield to maturity of 14%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 30%, what is LL's after-tax cost of debt? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
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