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Rockingham Motors issued a 30 -year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The

Rockingham Motors issued a 30 -year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 21 percent. What is the aftertax cost of debt? 6.10% 2.72% 5.99% 5.10% 5.69%

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