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Cost of debt. Dunder - Mifflin, Inc. ( DMI ) is selling 6 0 0 , 0 0 0 bonds to raise money for the
Cost of debt. DunderMifflin, Inc. DMI is selling bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of with
semiannual payments and will mature in years. Its par value is $ What is the cost of debt to DMI if the bonds raise the following amounts ignoring issuing costs
a $
b $
c $
d $
Round to two decimal places.
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