21 percent. What is the company's aftertax cost of debt? Multiple Choice 3.47% 4.46% 3.71% 5.87% 5.11%

Galvatron Metals has a bond outstanding with a coupon rate of 68 percent and semiannual payments. The bond currently sells for $1,870 and matures in 20 years. The par value is $2,000 and the company's tax rate is 21 percent. What is the company* aftertax cost of debt? Multiple Choice O O O O 347% 3.71% s_8786