1) Your firm has recently issued bonds with exactly 9.5 years left to maturity. The coupon rate is 8.25%, paid in semiannual coupons. Current trading price is $1034.26. What is your estimate of this firm's cost of debt? Assume face value of $1000.

a) 4.125%

b) There isn't enough information to answer this question.

c) 8.25%

d) 7.734%

e) 3.867%