Question 1: You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12-year maturity, 12.50 percent semiannual coupon bonds...

Question 1:

a) (Round final answer to 2 decimal places, e.g. 15.25%.)

b) 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 for this firm(Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answers to 2 decimal places, e.g. 15.25%.)