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Decline Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 1 0 years to maturity that is

Decline Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 10 years to maturity that is quoted at 105.2 percent of face value of $1,000. The issue makes semiannual payments with 6% coupon rate. What is the aftertax cost of debt if the tax rate is 21 percent?
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407 percent
4.92 percent
4.30 percent
4.20 percent

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