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Mo, a Mining has a bond outstanding that sells for $2,111 and matures in 19 years. The bond pays semiannual coupons and has a coupon

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Mo, a Mining has a bond outstanding that sells for $2,111 and matures in 19 years. The bond pays semiannual coupons and has a coupon rate of 5,58 percent. The par value is $2,000. If the company's tax rate is 24 percent, what is the aftertax cost of debt? Multiple Choice 6.20% 4.99% 4.35% 4.71% 5.78%

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