Homework Problems: (1) Company BW has issued 2,000 corporate bonds with a maturity value of $1,000 and a couple rate of 6%. Coupon payments are made every 6 month and those bonds will mature in 6 months from today. Current market price of those bonds is $978.56. Marginal corporate income tax rate is 34%, find the annual after-tax cost of debt. [20 points] HINT: What have you found? Semi-annual rate or annual rate