E Homework: Homework 11 Question 4, P14-9 (similar to) HW Score: 0%, 0 of 70 points O Points: 0 of 10 Save Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.2 percent annual interest and matures in 15 years. nvestors are willing to pay $947 for the bond and Temple faces a tax rate of 25 percent. What is Temple's after-tax cost of debt on the pond? The after-tax cost of debt is %. (Round to two decimal places.)