Fashion Wear has bonds outstanding that mature in 12 years, pay interest annually, and have a coupon rate of 7.5 percent These bonds have a face value of $1,000 and a current market price of $1, 060 What is the company's after tax cost of debt if its tax rate is 35 percent? 6.85 percent 6 50 percent 4 39 percent 5.21 percent 5.53 percent