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The FIN340 Company bonds are currently trading at 101% of par (Par Value is $1,000) with exactly 15 years remaining until maturity and a 5.6%

The FIN340 Company bonds are currently trading at 101% of par (Par Value is $1,000) with exactly 15 years remaining until maturity and a 5.6% coupon rate. The company's tax rate is 21%. What is the company's After-Tax Cost of Debt?

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