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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. Dunder-Mifflin, Inc. (DMI)is selling 600,000bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of 15.7%with semiannual
payments and will mature in 30years. Its par value is $100.What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing costs)?
a.$58,776,000
b.$58,632,000
c.$61,632,000
d.$72,828,000
a.What is the cost of debt to DMI if the bonds raise $58,776,000?
b.What is the cost of debt to DMI if the bonds raise $58,632,000?
c.What is the cost of debt to DMI if the bonds raise $61,632,000?
d.What is the cost of debt to DMI if the bonds raise $72,828,000?
%(Round to two decimal places.)

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