Galvatron Metals has a bond outstanding with a coupon rate of 6.8 percent and semiannual payments. The bond currently sells
for $1,884 and matures in 18 years. The par value is $2,000 and the company's tax rate is 25 percent. What is the company's
aftertax cost of debt?
5.54%
O 3.45%
O 3.69%
O 5.11%
O 5.87%