Question: Genova Issues bonds with a $1,000,000 par value and a 6.5% coupon rate. The bonds mature in 7 years, and coupon payments are semi-annual. The

Genova Issues bonds with a $1,000,000 par value and a 6.5%

Genova Issues bonds with a $1,000,000 par value and a 6.5% coupon rate. The bonds mature in 7 years, and coupon payments are "semi-annual". The bond is currently priced at 760,325.00. If the firm's marginal tax rate is 35%, calculate the after tax cost of debt. 6.858% 6.988% 7.313% 7.534%

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