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vineyard wines corp. issued 1 5 - year bonds, three years ago. the bonds have an annual 6 . 7 5 per cent coupoun rate

vineyard wines corp. issued 15-year bonds, three years ago. the bonds have an annual 6.75 per cent coupoun rate and pay coupouns semi-annually. currenlty, the bonds are selling at 97.8 per cent of face value resulting on a yield-to-matuirty of 7.024 per cent. what is the after-tax cost of debt if the tax rate is 34 per cent?

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