What is the company aftertax cost of debt

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Galvatron Metals has a bond outstanding with a coupon rate of 5.7 percent and semiannual payments. The bond currently sells for $943 and matures in 19 years. The par value is $1,000 and the company's tax rate is 21 percent. What is the company's aftertax cost of debt?

Reference no: EM133115468

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