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11. The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.15 percent coupon. Interest payments are paid semi-annually. The face amount of the bond

11. The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.15 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 90 percent of its face value. What is the company's pre-tax cost of debt? 10.2 percent 2.6 percent 4.2 percent 6.5 percent 8.4 percent

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