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Cost of debt Dunder-Miffin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds
Cost of debt Dunder-Miffin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds will pay a coupon rate of 12.0%w se annual payments and will mature in 30 years. Its par value is $10 What is the cos (ignoring issuing costs)? t of debt to DMI if the bonds raise the following amounts a. $45,000,000 b. $54,000,000 c. $66,000,000 d. $75,000,000 a. What is the cost of debt to DMI if the bonds raise $45,000,000? % (Round to two decimal places.) b. What is the cost of debt to DMI if the bonds raise $54,000,000? % (Round to two decimal places.) c. What is the cost of debt to DMI if the bonds raise $66,000,000? % (Round to two decimal places.) d. What is the cost of debt to DMI if the bonds raise $75,000,000? % (Round to two decimal places.) Enter your answer in each of the answer boxes
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