The Chris Korth Corporation has outstanding bonds with a face value of $1000, selling for $1132.28 today. These semi-annual bonds mature in 17 years and have an annual coupon rate of 4.5%. What is the after-tax cost of debt for Korth if the marginal tax rate is 36%? more than 4.5 percent 4.5 percent 3.5 percent 1.7 percent 2.2 percent