5) Millenium Corporation issued bonds on January 1, 2016. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The bonds mature on January 1, 2031. What is the before tax cost of debt for Millenium Corporation as of January 1, 2022 if the market price of the bond on that date is $950 (Assume that Millenium Corporation cost of debt is accurately reflected by this bond issue alone)? A) 6.01%. B) 6.23%. C) 3.12%. D) 3.00%.