Number of periods = 22 * 2 = 44
Coupon = (0.0634 * 2000) / 2 = 63.4
YTM = 5.9939%
Keys to use in a financial calculator: 2nd I/Y 2, FV 2000, PV -2084, N 44, PMT 63.4, CPT I/Y
After tax cost of debt = 0.059939 (1 - 0.39)
After tax cost of debt = 0.0366 or 3.66%
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