Cost of debt. Dunder-Mifflin Inc. (DMI) is selling 600,000 bonds to raise money for new magazines to be published in the coming year. The bonds will pay a coupon rate of 14.1% on semiannual payments. The par value of the bond is $100, and the bond will mature in thirty years. What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing cost)?

1. $58,452,000
2. $51,690,000
3. $68,430,000
4. $71,958,000

What is the cost of debt to DMI if the bonds raise $58,452,000? ___ % (Round to two decimal places)

What is the cost of debt to DMI if the bonds raise $51,690,000? ___ % (Round to two decimal places)

What is the cost of debt to DMI if the bonds raise $68,430,000? ___ % (Round to two decimal places)

What is the cost of debt to DMI if the bonds raise $71,958,000? ___ % (Round to two decimal places)