Question: Save Answer Question 29 1 points Decline, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 13

 Save Answer Question 29 1 points Decline, Incorporated, is trying to

Save Answer Question 29 1 points Decline, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 13 years to maturity that is quoted at 105.2 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually. What is the aftertax cost of debt if the tax rate is 21 percent? O A. 4.30% O B. 4.92% O C. 4.17% O D.5.43%

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