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Mojo Mining has a bond outstanding that sells for $1.043 and matures in 19 years. The band pays semiannual coupons and has a coupon rate

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Mojo Mining has a bond outstanding that sells for $1.043 and matures in 19 years. The band pays semiannual coupons and has a coupon rate of 5.62 percent. The par value is $1.000. If the company's tax rate is 39 percent, what is the aftertax cost of debt? Multiple Choice 3.01% 3.46% 3.21% 5.35% 5.00%

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