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1 - A new corporate bond is being offered in the market for $930. The bond has a face value of $1,000 and matures in

1 - A new corporate bond is being offered in the market for $930. The bond has a face value of $1,000 and matures in 10 years. The issuing corporation promises to pay $70 in interest every year. (a) Should an investor requiring 8% return on investment buys this bond? (10) (b) what is the company's cost of capital raised through this bond issue if the stockbroker's fee is $15 per bond sold

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