nt So pts (Cost of debt) Carraway Seed Company is issuing a $1,000 par value bond that pays 8 percent annual interest and matures in 6 years. Investors are willing to pay 8 $935 for the bond Flotation conts will be 11 percent of market value. The company is in a 30 percent tax bracket. What will be the firm's after-tax cost of debt on the bond? Home The firm's attertux cont of debt on the bond will be 1% (Round to two decimal places) Bestia resti jestio Whatts