Marysa Corp. issued a 20-year, 9 percent semiannual bond three years ago. The bond currently sells for 96 percent of its face value. The companys tax rate is 23 percent. a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

b. What is the after-tax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

c. Which is more relevant, the pretax or the after-tax cost of debt? multiple choice Aftertax cost of debt Pretax cost of debt