cost of debt using both methods (YTM and the approximation formula)

resta 12 couponroe. Because current market for bonds Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries and 10 year $1.000 par value bonds paying a are just under 12%, Warren can sell its bonds for $1.100 h: Warren wil incurfion costs of $20 per bond. The firm is in the 27tx bracket a. Find the proceeds from the sale of the bond. No b. Calculate the band's yield to maury (YTM) to estimate the before tax and her fax of dett 6. Use the approximation formulato estimate the before and her co d ebt The nel proceeds from the sale of the bond, N. Round to the newest for b. Using the band's YTM, the before tax cost of this (Round to two decimal places) Using the bond's YTM, the aher lex cost of debt . (Round to two decimal places) 6. Using the approximation for the before tax cost of debt Round to two decimal places Using the approximation for the tax cost of debt Round to two decimal places) Enter your answer in each of the answer boxes