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(Cost of debi Carraway Seed Co mpany is issuing a $1,000 par value bond that pays 6 percent annual interest and matures in 15 years.

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(Cost of debi Carraway Seed Co mpany is issuing a $1,000 par value bond that pays 6 percent annual interest and matures in 15 years. Investors are willing to pay 9 percent of market value. The company is in a 30 percent tax bracket. What will be the firm's after-tax cost of debt on the $980 for the bond. Flotation bond? Nick

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