Mojo Mining has a bond outstanding that sells for $2,147 and matures in 15 years....
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Finance
Mojo Mining has a bond outstanding that sells for $2,147 and matures in 15 years. The bond pays semiannual coupons and has a coupon rate of 6.9 percent. The par value is $2,000. If the company's tax rate is 21 percent, what is the aftertax cost of debt? 4.85% 3.51% 5.92% 6.35% 4.03%
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