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 bond will pay a coupon rate of 9.2% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMl if the bonds raise the following amounts (ignoring issuing costs)? a. $57,534,000 b. $55,566,000 c. $65,796,000 d. $76,740,000