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Mojo Mining has a bond outstanding that sells for $1,043 and matures in 19 years. The bond pays semiannual coupons and has a coupon rate

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Mojo Mining has a bond outstanding that sells for $1,043 and matures in 19 years. The bond 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 21 percent, what is the aftertax cost of debt? Mutiple Choice 5.00% 3.46\% 5.35N

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