Score: 0 of 1 pt 3 of 6 (0 complete) HW Score: 0%, 0... P14-9 (similar to) Question Help (Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.2 percent annual interest and matures in 15 years. Investors are willing to pay $946 for the bond and Temple faces a tax rate of 25 percent. What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is %. (Round to two decimal places.) ste ter und nts