Mojo Mining has a bond outstanding that sells for $1,058 andmatures in 24 years. The bond pays semiannual coupons and has acoupon rate of 6.02 percent. The par value is $1,000. If thecompany's tax rate is 35 percent, what is the aftertax cost ofdebt? Multiple Choice 5.29% 3.63% 5.67% 3.40% 3.90%
