Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

"If a corporation pays a tax rate of 21 percent, the after-tax cost of debt for a 10-year, 8 percent,$1,000 par value bond selling at $1,150 is ______
a)1.25%
b)3.58%
C)6.32%
D)4.71%