The outstanding bonds of Tech Express are priced at $989 and mature in 10 years.These bonds have a 6 percent coupon and pay interest annually.The firm's tax rate is 35 percent.What is the firm's aftertax cost of debt?
A)3.01 percent
B)3.22 percent
C)3.35 percent
D)4.00 percent
E)4.41 percent

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The Answer of The outstanding bonds of Tech Express are priced at $989 and mature in 10 years.These bonds have a 6 percent coupon and pay interest annually.The firm's tax rate is 35 percent.What is the firm's aftertax cost of debt?
A)3.01 percent
B)3.22 percent
C)3.35 percent
D)4.00 percent
E)4.41 percent

The Outstanding Bonds of Tech Express Are Priced at $989