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Alcoa issued 38-year non-callable bonds, eight years ago. The coupon rate is 11%. The bonds' market price is $1,239.99. if the tax rate is 25%,

Alcoa issued 38-year non-callable bonds, eight years ago. The coupon rate is 11%. The bonds' market price is $1,239.99. if the tax rate is 25%, what is the component cost of debt that for Alcoa? O 4.37% O 5.96%6 O 7.07% O 3.28% 6.55%

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