53) A bond issued by MNM Inc. is selling for $1,016 in the market. It pays a coupon of $90, annually. The bond will mature in eight years. Find the after-tax cost of debt if the tax rate is 34% ? A) 5.47 percent B) 4.79 percent C) 5.75 percent D) 6.98 percent E) 6.67 percent