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Als A3. The current price of a bond is $1.240.00. Its price on the issue date. The roumber of years to maturity of the bondes.

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Als A3. The current price of a bond is $1.240.00. Its price on the issue date. The roumber of years to maturity of the bondes. The bond has a coupon rate of 12% that is paid out annually. Its value is $1.000 at the end of its maturity. The lastuleh. 40% What is the pre-tax cost of the debt? (a) 6.26% (b) 8.32% (c) 9.05% (d) 7.46% (e) 8.74%

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