a 3. Boulder Furniture has bonds outstanding that mature in 13 years, have a 6 percent coupon, and pay interest semi-annually. These bonds have a face value of $1,000 and a current market price of $1,040. What is the company's after-tax cost of debt if its tax rate is 32 percent? 4. Grill Works and More has 8 percent preferred stock outstanding that is currently selling for $49 a share. The market rate of return is 14 percent and the firm's tax rate is 37 percent. What is the firm's cost of preferred stock