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Mojo Mining has a bond outstanding that sells for $1,040 and matures in 18 years. The bond pays semiannual coupons and has a coupon rate

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Mojo Mining has a bond outstanding that sells for $1,040 and matures in 18 years. The bond pays semiannual coupons and has a coupon rate of 5 54 percent. The par value is $1,000. If the company's tax rate is 35 percent, what is the aftertax cost of debt? Multiple Choice O 3.38% 5.29% 3.643 338 529% 3.54% 494% 3.17%

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