cost of debt. Dunder-Mifflin, 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 8.6 % with semiannual payments and will mature in 30 years. It's par value is $100 What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing costs)?

What is the cost of debt to DMI if the bonds raise 56,754,000?