Cost of debt. Durch Wifflin, 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 12.2% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMI f the bonds raise the following amounts (ignoring issuing costs)? a. $58,326,000 b. $51,258,000 c. $71,298,000 d. $72,762,000