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Mojo Mining has a bond outstanding that sells for $ 1 , 0 6 4 and matures in 2 4 years. The bond pays semiannual

Mojo Mining has a bond outstanding that sells for $1,064 and matures in 24 years. The bond pays semiannual coupons and has a coupon rate of 6.18 percent. The par value is $1,000. If the company's tax rate is 21 percent, what is the aftertax cost of debt?

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