(Cost of deb) Sincere Stationery Corporation neode to raise $500,000 to improve its manulacturing plant, it has decided to issie a $1,000 par value bond with an annual coupon rete of 14 pertent and a maturity of 10 yours. The invosters require of rato of return of 9 petcent a. Compolu the rarket value of the bonds. b. What wil the net price be if fotation costs are 105 percent of the market price? c. How many bonds wil the fim have to isue to receive the needed funds? e. Rework the problem as follows: Aswurte a coupon rate of 8 percent 1. What eflect does changing the coupon rale have on the firms afer-tax cost of caphar? Why is there sa change? If the bonds annual coupon rote is 6%. what is the maket volue of the bond? (Plound to the nearest cere) What wat the net price be if folation conts are 10.5 percent of she manet price? (Round to the rearest cent) How many bonds wit the frm have to issue to recelve the needed finda? bonds (Round to the nearest whole number) What is the firms' aner-ax cost of debt if its marginat tax rase is 21 perceet? 6. Round to two decimal places:) A. Alower coupon rate lowers the bond pros but increases the fotation cost. As a result, the aftectax cost of cett is sifghey raised