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21 Galvatron Metals has a bond'outstanding with a coupon rate of 6.8 percent and semiannual payments. The bond currently sells for $1.884 and matures in

21
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Galvatron Metals has a bond'outstanding with a coupon rate of 6.8 percent and semiannual payments. The bond currently sells for $1.884 and matures in 18 years. The par value is $2,000 and the company's tax rate is 25 percent. What is the company's aftertax cost of debt? 554% 3.45% 5.11N 5.87\%

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