Business, 09.12.2020 22:00, nnyahtoland

The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% 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 35%, what is Holmes's after-tax cost of debt?

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The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holme...