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Several years ago, the ABC Company sold a $1,000 par value bond that now has 15 to maturity and a 6.00% annual coupon that is

Several years ago, the ABC Company sold a $1,000 par value bond that now has 15 to maturity and a 6.00% annual coupon that is paid semiannually. The bond currently sells for $890 and the companys tax rate is 30%. What is the after-tax cost of debt?

Group of answer choices

5.05%

7.21%

2.52%

2.27%

3.61%

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