Back to Assignment Attempts Keep the Highest: /20 5. Problem 11-09 (Bond Yield and Alter Tax Cost of Debt) eBook Bond Yield and After Tax Cost of Debt A company's 6% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $686.47. The company's federal plus state tax rate is 10%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC (int: Base your answer on the wrote.) Round your answer to two decimal places % >