Question: Please confirm the correct answer The June Bug has a bond issue outstanding with a $750,000,000 par value. The bond issue pays a 5 percent

Please confirm the correct answer

The June Bug has a bond issue outstanding with a $750,000,000 par value. The bond issue pays a 5 percent coupon on par (in semi-annual installments) in perpetuity. The bond issue has a current market price equal to 110.00 percent of par value. The tax rate is 38.00 percent. What is the amount of the after-tax annual interest payment made by the firm? Don't include the $ sign in your answer. Numeric Response

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