Question: Mojo Mining has a bond outstanding that sells for $2,138 and matures in 16 years. The bond pays semiannual coupons and has a coupon rate

Mojo Mining has a bond outstanding that sells for $2,138 and matures in 16 years. The bond pays semiannual coupons and has a coupon rate of 6.82 percent. The par value is $2,000. If the company's tax rate is 21 percent, what is the aftertax cost of debt? Multiple Choice 4.08% 5.89% 4.85% 3.55% 6.31%

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