3. Cost of Debt. Olympic Sports has two issues of debt outstanding. One is a 9% coupon bond with a face value of $20 million a maturity of 10 years, and a yield to maturity o. The coupons are paid annually. The other bond issue has a maturity of 15 years, with coupons also paid annually, and a coupon rate of 10%. The face value of the issue is $25 million, and the issue sells for 94% of par value. The firm's tax rate is 35%. (10132) a. What is the before-tax cost of debt for Olympic? b. What is Olympic's after-tax cost of debt? ou are retired, have $264,500 in your savings, withdraw $2,000 each mont mpounded monthly. How long will it be until you run out of money? 22.08year)112 B) 13.67 years C) 18.78 years D) 13.02 years E) 15.25 years 0 2 0 C1. Ous)