"The FIN340 Company bonds are current trading at 113% of par (Par Value is $1,000) with exactly 12 years remaining until maturity and a 5.3% coupon rate; The company's tax rate is 21.0%. What is the company's After-Tax Cost of Debt?"

6.97%

3.11%

3.93%

5.30%

4.19%

4.76%

2.31%