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Mojo Mining has a bond outstanding that sells for $1,058 and matures in 24 years. The bond pays semiannual coupons and has a coupon rate

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Mojo Mining has a bond outstanding that sells for $1,058 and matures in 24 years. The bond pays semiannual coupons and has a coupon rate of 6.02 percent. The par value is $1,000. If the company's tax rate is 22 percent, what is the aftertax cost of debt? Multiple Choice 4.08% 5.67% 5.29% 4.68%

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