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Posted: **Mon May 02, 2022 9:48 am**

: Galvatron Metals Has A Bond Outstanding With A Coupon Rate Of 6 1 Percent And Semiannual Payments The Bond Currently Se 1 (8.14 KiB) Viewed 24 times

Galvatron Metals has a bond outstanding with a coupon rate of 6.1 percent and semiannual payments. The bond currently sells for $947 and matures in 23 years. The par value is $1,000 and the company's tax rate is 40 percent. What is the company's aftertax cost of debt?