Asbury Corp. issued 30 -year bonds 11 years ago with a coupon rate of 9.5%. Those bonds are now selling to yeld 7%. The firm also issued some 20 -year bonds 2 years ago with an 8.3% coupon rate. The two bond issues are rated equally by Standard and Poors and Moody's, Asbury's marginal tax rate is 34%. Assume face value of the bonds is $1,000. Assume that the coupon payments are semi-annual. a. What is Asbury's after-tax cost of debt? Round the answer to two decimal places. % b. What is the current selling price of the 20 -year bonds? Rund the answer to the nearest cent