22. mpany has issued 80 million kroner in bonds at fixed intrest rate of 10% Interest is annually and the most recent interest installment has just been paid. The bond has 5 ears to full maturity. Currently the bond is priced in the capital market at 90% of par. The company wants to issue similar debt at current market rates. What will be the cost of the new debt (ignore taxes)? (a) 10.00%. (b) 11.42%. (c) 12.07%. ->(d) 12.83%. (e) I choose not to answer. 23