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A company has a 10 year, $1000 par value bonds issued that pay a 4% APR coupon semiannually. What is their after-tax cost of debt

A company has a 10 year, $1000 par value bonds issued that pay a 4% APR coupon semiannually. What is their after-tax cost of debt if the bonds currently sell at 95% of par ($950)? The corporate tax rate is 21%. Please present your answer as a percentage to two decimals

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