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a) (3 points) What is Urstadt pre-tax cost of debt using the comparable REIT: Amount: $100MM Coupon: 7.5% Maturity: 7 years Price: $90.10 Interest paid

a) (3 points) What is Urstadt pre-tax cost of debt using the comparable REIT: Amount: $100MM Coupon: 7.5% Maturity: 7 years Price: $90.10 Interest paid semiannually

PMT = 3.75 FV = 100 PV = -90.10 N = 14 I = 4.73 * 2 I = 9.46

My question is, How do you calculator this with a financial calculator. I'm confused with how to put it all together with the financial calculator. Please help!!

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